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CZCE Cotton No.1 Septí18: Reversal Above 16400 Closing

30 Jun 2018 1:49 pm
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REPORT For Date 02/07/2018


Yuan per ton


Traders short and holding the same can maintain the stop loss at 16400.

Resistance is at 16043-16277.

Lower range can be 15687-15097.

Reversal could happen if sustains above the open and above 16400 at the end of the week at closing.


TREND INFORMATION WITH INTRA-DAY LEVELS

CLOSE

DRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

15920.0

16191.0

DOWN

16105.0

22.06

15097

15687

16043

16277

16867


*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

LAST CLOSE

PRICE G/L%

VOLUME

% V INC/DEC

OPEN INTEREST

% OI INC/DEC

CANDLE

POSITION

15920.0

-1.1

238332.0

-24.2

214654.0

-12.4

Negative

Unwinding

TECHNICAL INDICATORS TABLE

RSI

1-ROC-RSI

Stochastic

1-ROC-

Stochastic

MACD

1-ROC

MACD

RS

1-ROC

RS

49.12

-4.40

20.22

-41.22

254.88

-16.92

42.74

-20.53











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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