Technical: Cotton Seed Oil Cake - Trend Is Down To Test Lower Level

Dated 06/05/2017

Cotton Seed Oil Cake – last close -1778 – Trend is down to test lower level

Monthly Chart

Expect lower level of 1657 to be tested from current level of 1778.

Trend line support is around 1600.

A fall and close below 1600 can extend the slide to 1339.

Pullback reversal can happen if close is above 1920.

Resistance is at 1868-1920.

Conclusion

Trend is down and expect lower level to be tested.

Fundamental Report
Spot Cottonseed Oil Cake Prices To Remain Under Pressure (Full Report)