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According to fundamental research, MCX (NCDEX) cotton seems strongly bullish ahead. The short-term investors can start buying cotton nearby highlighted area for the targets of 19860 – 20000 – 20260+.
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NCDEX Soybean futures price is moving higher. As per the current situation and fundamental view, its demand is increasing. It could jump for 4000 – 4160 levels.
Technically, 4200 is a hurdle.
Red zone: 3700 – 4200
As per the following chart, the cotton price may hit 15460 – 15200 – 15000 below soon.
Don’t forget to keep your eyes on the resistance line.
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Price Range: 5152
Breakout Range: 15600 – 10448
A short reversal started from the 13110 levels.
MCX Cotton is a sellable script until it remains below 17000 for the target of 15800 – 15000.
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5 days ago, we wrote a special report on Crude oil. You must read it now: click here
Wherein in clear words, I had written “Crude oil’s last trading session candle is indicating a solid downtrend start soon after a reversal.
Targets: 3170 – 3130 – 3060 – 3000“.
A few minutes back, crude oil has made 3153 low. Crude oil calls the first target has come.
Today, our premium subscribers also sold the crude oil. Look out the call’s screenshots →
Do you think crude oil will hit remaining targets?
To read today’s Cotton Intraday Tips: Click here
In clear words, I had written, “…cotton price is under heavy downfall. Bearish trend continuation can drop the cotton prices up to 20680 – 20500 levels”.
Today cotton has made 20300 low level. Our cotton’s call touched all targets. Approx. Profit Rs.7500 /lot
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Silver’s downtrend can continue this week. If silver shows closing price (or breakout) below 37180 level, it can touch 37060 – 36960 – 36800.
Traders should avoid selling silver after breakout or closing above 37660 because this level can move up the silver’s price above 38000 to 38500.
In the last week, crude oil price jumped down to 3186 levels. Will the crude oil prices descend as per our previous report?
Hurdle: 182.5
The RSI & MACD shows downside momentum. Below the hurdle level, lead’s price can collapse up to 175.6 – 172.6.
Above 182.5 looks for further upside with 185 – 187 – 190 as targets.
Mentha oil freeze nearby our resistance level. What will happen next? To know it, click here and read our last mentha oil’s report.
In the last trading session, cotton is closed at 20770 (-250 rupees). Cotton price is under heavy downfall. Bearish trend continuation can drop the cotton prices up to 20680 – 20500 levels.
Note: Tomorrow we are going to update a special report of Copper. Don’t miss out!
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After a reversal, we may see a strong uptrend. Crude oil traders must look 5550 level.
Targets: 5626 – 5660+
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Keep watching nickel & lead price. Nickel’s level of 962 is very crucial and 143.6 for the lead. Today we can see unlimited rallies in these commodities.
Zinc is preparing itself for 206 – 210 – 214 levels. Why? When? Accurate entry level?
Further information about Lead, Nickel & Zinc will update on our mobile app.
Yesterday, cardamom lost 2.1 rupees and closed at 1372 level. We may see the following target levels soon: 1350 – 1336
Yesterday candle of Cotton is indicating downfall ahead. Further information about Cotton is available here: Click here