Login ID:
Password:
Partner Login
Contact Us : 7066511911

Technical: Cotton Seed Oil Cake Kadi Spot - Reversal On Sustained Rise Above 1647

7 Dec 2017 1:45 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Dated 06/12/2017

Cotton Seed Oil Cake Kadi- Last Close- 1629- Reversal On Sustained Rise Above 1647


Trend is down as prices are below both the averages. Further the 55 VA is below 89 VA indicating bear market is in progress.

In last update, we had indicated a pullback towards the averages and the same is being witnessed.

The averages are placed at 1550 and 1623.

Up trend may resume if sustains above both the average but will not be termed as bull market until 55 VA is not above 89 VA.

Breakout and close above 1648 can show a near term rally. The pullback retracement level are placed at 1736-1840-1969.

Conclusion
Reversal attempt is being witnessed price need to remain above 1647


       
  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  

Latest Special Reports
Technical: Cotton Seed Oil Cake Kadi - Lower Level To B...
Technical: Cotton Seed Kadi: Expect Lower Range To Be T...
Technical : Cotton Seed Kadi Spot : Expect Lower Range ...
Technical : Cotton Seed Oil Cake Kadi Spot : Lower Leve...
Short-Term Outlook Is Negative For Cotton Seed Oilcake
more
Top 5 News
Technical: Soybean Indore: Trend Line Resistance Decide...
Technical: Soya Oil Indore : Accumulate On Correction
Canada 2018-19 Masoor Crop Forecast At 20 Lakh Tonne - ...
Canada 2018-19 Matar Crop Forecast At 32 Lakh Tonne - A...
Technical: Castor Seed Deesa: Correction/Consolidation ...
Top 5 Market Commentary
DJ London Spot Gold Edges Back After Tuesday Gains -- M...
DJ Global Commodities Roundup: Market Talk
DJ Tokyo Rubber Up, Erasing Tuesday's Losses -- Ma...
DJ Nymex/Comex Globex Metals Futures Hourly Price Updat...
DJ Nymex/Comex Globex Metals Futures Hourly Price Updat...
Copyright © CC Commodity Info Services LLP. All rights reserved.