REPORT For Date 23/07/2018
NY COT EXCHANGE Cotton No.2 (Price figures in cent/5000lbs):
Support will be at 85.92-83.32.
Resistance will be at 88.52-89.30.
Traders by chance long and holding the same can maintain the stop loss of 84.14.
Resistance will be at 88.52-89.30.
Further rise is above 89.30 for rally towards 92.90-94.82.
Traders can buy above 89.3 with of the week as the stop loss or 87 whichever is lower.
TREND INFORMATION WITH INTRA-DAY LEVELS
|
CLOSE
|
DRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
87.080
|
N/A
|
DOWN
|
N/A
|
N/A
|
83.320
|
85.920
|
87.360
|
88.520
|
91.120
|
*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
|
|
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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