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Ny Cot Exchange Cotton No.2 December 2018 Weekly: Pullback Reversal Is Above 86.22

30 Jun 2018 1:15 pm
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REPORT For Date 02/07/2018



NY COT EXCHANGE Cotton No.2 (Price figures in cent/5000lbs):


Traders short and holding the same can maintain the stop loss at 86.22.

Resistance will be at 84.5-85.64.

Lower range is at 82.77-79.90.

Pullback reversal is above 86.22 closing.

Sell is below 82.94 with high of the week as the stop loss or 86.22.


TREND INFORMATION WITH INTRA-DAY LEVELS

CLOSE

DRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

83.92

N/A

DOWN

N/A

N/A

79.90

82.77

84.50

85.64

88.51


*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

83.92

-1.6

67117.0

21.2

181526.0

-1.5

Negative

Unwinding









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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