REPORT For Date 01/10/2018
NY COT EXCHANGE Cotton No.2 (Price figures in cent/5000lbs):
Exit long and sell on rise from 76.37-78.56 with a stop loss of 79.70.
Resistance will be at 77.41-78.56.
Lower range can be at 75.24-71.90.
TREND INFORMATION WITH INTRA-DAY LEVELS
|
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
|
76.37
|
80.43
|
DOWN
|
79.13
|
21.09
|
71.90
|
75.23
|
77.41
|
78.56
|
81.89
|
*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.
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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