REPORT For Date 25/06/2018
NY COT EXCHANGE Cotton No.2 (Price figures in cent/5000lbs):
Cotton December 2018 has lesser data and price fall has been witnessed in couple weeks.
Further weakness is below 82.94 in December 2018 contract.
In July December 2018 further weakness is below 83.
Objective remains to exit long on rise to higher range as the opportunity arises.
Resistance of 86.32-89.03 can be used to exit long if rise is seen to the resistance.
TREND INFORMATION WITH INTRA-DAY LEVELS
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
85.30
|
N/A
|
DOWN
|
N/A
|
N/A
|
80.90
|
83.61
|
84.63
|
86.32
|
89.03
|
*Trend will remain Down as long as last close is below the pink color DRV. Trend will be Up as long as Price is above DRV. Positional Traders: If trend is up then traders long can hold long position with closing stop loss of DRV: Close >DRV. If trend is down then traders can hold short position with a closing stop loss of DRV: Close <DRV.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
|
Close
|
PRICE G/L%
|
VOLUME
|
% V INC/DEC
|
OPEN INTEREST
|
% OI INC/DEC
|
CANDLE
|
POSITION
|
|
85.3
|
1.8
|
55360.0
|
-67.3
|
0.0
|
-100.0
|
Positive
|
Unwinding
|
TECHNICAL INDICATORS TABLE
|
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
|
52.91
|
-18.40
|
53.84
|
-26.90
|
3.25
|
-12.21
|
50.88
|
-18.72
|
Disclaimer: There is risk of loss in trading in derivatives and the report is not to be construed as investment advice. The information provided in this report is intended solely for informative purposes. The author, directors and other employees of CC Commodity Info Services cannot be held responsible for the accuracy of the information presented herein or for the results of the positions taken based on the opinions expressed above.
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