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Technical : Cotton Seed Kadi Spot : Further Downtrend Likely To Be Continued

22 Sep 2017 12:04 pm
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Dated 22/09/2017


Technical : Cotton Seed Kadi Spot : Further Downtrend Likely To Be Continued

Cotton Seed Gujarat Kadi- Last Close (Mean)- 385 : Further Down Trend Likely To Be Continued.

Prices are in INR/20Kg

Weekly Chart



Support is at 370.

Further downside momentum is below 370.

Subsequently a slide to 350-335 cold be tested.

Pullback can begin if close is above 380.

Conclusion

Trend continues to be down and will test lower levels of 350-335.

       
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