Login ID:
Password:
Partner Login
Contact Us : 7066511911

Ny Cot Exchange Cotton No.2 December 2018 Weekly: Upside Resumes Above 80.40 Closing

27 Oct 2018 2:57 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

REPORT For Date 29/10/2018


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


Contrarian traders long on Cotton need to maintain the stop loss at 7.537.

Resistance will be at 80.14-80.40.

Further rise can continue if close is above 80.40.

Support will be at 76.40-75.37.

Breakdown is below 75.37.

Traders can buy above 80.4 with low of the week as the stop loss or 78.53 whichever is lower.

Weaker opening and initial correction to 76.4 or below can be used for accumulation with a stop loss of 75.37.


TREND INFORMATION WITH INTRA-DAY LEVELS

CLOSE

WRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

78.53

79.44

DOWN

79.13

21.09

72.40

76.40

78.27

80.40

84.40


*Trend will remain Down as long as last close is below the pink color WRV. Trend will be Up as long as Price is above WRV (Weekly Reversal Value). Positional Traders: If trend is up then traders long can hold long position with closing stop loss of WRV: Close >WRV=Up Trend. If trend is down then traders can hold short position with a closing stop loss of WRV: Close <WRV=Down Trend.

PRICE, VOLUME AND OPEN INTEREST STRATEGY

Last Close

Price G/L%

Volume

% V Inc/Dec

Open Interest

% OI Inc/Dec

Candle

Position

78.5

0.8

106209.0

59.7

127824.0

-5.1

Indecisive

Unwinding

TECHNICAL INDICATORS TABLE

RSI

1-ROC-RSI

STOCHASTIC

1-ROC-

STOCHASTIC

MACD

1-ROC

MACD

RS

1-ROC

RS

46.18

3.38

41.90

63.98

-1.13

-4.53

30.33

-0.36


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.


       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Top 5 Special Reports
Technical: Sugar M Grade Delhi- Correction Continues...
Technical: Jeera Unjha- Correction Is In Progress
Stock Position Of Veg Oil (Edible Grade ) At Jnpt As On...
Technical: Dhaniya Kota- Expect Near Term Rally
Technical: Turmeric Nizambad- Correction/Sideways Vol...
Copyright © CC Commodity Info Services LLP. All rights reserved.