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US Cotton


US Cotton on monthly basis it has tested 88.6% retracement and showing a base formation at the current levels. We see on shorter time frame (Daily/Weekly) prices are suggesting  a higher tops & higher bottom formation for fresh upside bull run.

Yesterday it has given a close above last 10 month strong resistance level of 66 and currently it quoting at 66.49. Going ahead we see 68.50 is the resistance & 62 is support level, any weekly positive close above 68.50 level we can see a fresh upsurge in US Cotton up to 72/80 in coming period.



US COTTON (DAILY CHARTS)



US COTTON (MONTHLY CHARTS)

 

Yearly Data Statistics

Date

Close

Change %

Apr 01, 2015

66.37

9.18

Dec 01, 2014

60.28

-40.41

Dec 01, 2013

84.64

11.22

Dec 01, 2012

75.14

-22.17

Dec 01, 2011

91.8

-57.75

Dec 01, 2010

144.81

47.79

 

Moving Average Statistics

MA

DAILY

WEEKLY

MONTHLY

13

64.77

63.69

68.45

26

64.5

62.08

76.43

50

63.8

66.43

87.67

100

62.17

76.05

80.41

200

62.76

85.33

N.A

 

RIS Statistics

RSI

DAILY

WEEKLY

MONTHLY

9

67.14

62.49

44.52

14

63.05

56.08

43.34



{April 30,2015}

























Disclaimer:All information given here is largely based on technical analysis which is highly dynamic in nature and relevant only at a particular point of time. Users are advised to pursue these recommendations only at their own risk and first consult their personal investment advisor when making investment decisions. We are not liable and we take no responsibility for any loss that you incure by trading/investing on our recommendations. these study are posted for educational purpose only.

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