Login ID:
Password:
Partner Login
Contact Us : 7066511911

Ny Cot Exchange Cotton No.2 March 2019 Weekly: Resistance At Higher

9 Feb 2019 3:28 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

REPORT For Date 11/02/2019


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


Exit long and sell on rise from 72.55-73.62 with a stop loss of 74.90.

Expect 71.96-70.30 to be tested.


TREND INFORMATION WITH INTRA-DAY LEVELS

CLOSE

WRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

72.55

76.25

DOWN

73.18

21.12

70.30

71.96

73.04

73.62

75.28


*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.

TECHNICAL INDICATORS TABLE

RSI

1-ROC-RSI

STOCHASTIC

1-ROC-

STOCHASTIC

MACD

1-ROC

MACD

RS

1-ROC

RS

37.39

-6.16

64.93

16.09

-2.07

-2.38

32.52

-2.75


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
U.S. Dollar Index—Consolidating Within a Triangle Patte...
U.S. Dollar Index—Holding Fort at the 50-day MA / Monit...
U.S. Dollar Index—Holding Fort at the 50-day MA / Monit...
U.S. Dollar Index—Violation of the 20-/50-DMAs a Concer...
Stock Position Of Veg Oil (Edible Grade ) On 15 July 2...
Copyright © CC Commodity Info Services LLP. All rights reserved.