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Technical: Cottonseed Oilcake Kadi -Lower Level To Be Tested

4 May 2018 3:01 pm
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Dated 04/05/2018
Cotton Seed Oil Cake Kadi- Last Close - 1347 - Lower Level To Be Tested



Further slide can continue below 1289.

Resistance will be at 1451 and 1517.

On sustained fall and close below 1289 expect slide towards 1194-996.

Conclusion
Support around 1289 critical.

Trend is down and down move continues below 1289.

Objective remains to exit long and sell till reversal is not witnessed.


       
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