MCX Cotton Technical trading levels for 27.05.2019

MCX COTTON

Yesterday(24.05.2019) MCX Cotton Closing price 21540.

Cotton likely to trade in range bound  untill june'2019 as per Khandesh Ginning  and Pressing Association president Pradeep Jain reported in Economic Times.

Due to US import trade tariff increased on china import as the reason and imports may be cheaper for Indian buyers incase of shortfall of the crop.

MCX Cotton Technical levels for 27.05.2019

MCX Cotton Upper side breakout point (price)        :21640(Buy Comes above this Price)

MCX Cotton Technical Resistance levels                  :21720,21820,21890

MCX Cotton Down side breakout point(price)         :21520(Sell Comes below this Price)

MCX Cotton Technical Support levels                      :20420,21380,21250

Yesterday(24.05.2019)MCX  Cotton Bhav Copy for Data Reference

SYMBOL	EXPIRY DATE	OPEN	HIGH	LOW	CLOSE
COTTON	31-May-19	21300.00	21580.00	21240.00	21540.00
COTTON	28-Jun-19	21570.00	21850.00	21520.00	21810.00
COTTON	31-Jul-19	21750.00	22020.00	21690.00	21980.00
COTTON	30-Aug-19	21820.00	21990.00	21820.00	21970.00

MCX Cotton Weekly Pivot Levels

MCX Cotton Weekly Pivot Point       21660

MCX Cotton Weekly Resistances 22000,22190,22530

MCX Cotton Weekly Supports      21470,21130,20940

MCX Cotton Lifetime High/Low and 52 weeks High /low

MCX Cotton Lifetime High Price 24280 (Traded on 10.08.2018)

MCX Cotton Lifetime Low Price  14110 (Traded on 22.01.2015)

MCX Cotton 52 week Range         19,950 - 24,280

 

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