MCX Cotton Technical Trading levels for 12.06.2019-Technical and Fundamental Analysis

MCX COTTON

11.06.2019 MCX Cotton June Closing price 21200.

US Cotton futures closed lower yesterday on US Commodity market(CME) due to lowered cotton consumption projection data from USDA report on last night.

India's higher production estimates also dragged down the prices

US is the world's biggest exporter of Cotton and China is the Largest importer of US Cotton.

MCX Cotton also looks weak technically, likely to open lower on today MCX Commodities Market Trading.

MCX Cotton Technical levels for 12.06.2019

MCX Cotton Upper side breakout point (price)        :21260(Buy Comes above this Price)

MCX Cotton Technical Resistance levels                  :21310,21340,21390

MCX Cotton Down side breakout point(price)         :21170(Sell Comes below this Price)

MCX Cotton Technical Support levels                      :21110,21070,21020

Yesterday(11.06.2019)MCX  Cotton Bhav Copy for Data Reference

Symbol	Expiry Date	Open	High	Low	Close
COTTON	28-Jun-19	21250.00	21340.00	21180.00	21200.00
COTTON	31-Jul-19	21350.00	21460.00	21270.00	21320.00
COTTON	30-Aug-19	21400.00	21500.00	21280.00	21320.00
COTTON	31-Oct-19	20620.00	20620.00	20610.00	20720.00

MCX Cotton Daily Pivot Levels

MCX Cotton Daily Pivot Point       21240

MCX Cotton Daily Resistances  21300,24100,21460

MCX Cotton Daily Supports      21140,21080,20980

MCX Cotton Weekly Pivot Levels

MCX Cotton Weekly Pivot Point       21280

MCX Cotton Weekly Resistances 21810,22340,22630

MCX Cotton Weekly Supports      20990,20700,20170

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

 

Related Links :

• MCX Live Rates
• MCX Intraday Calculator/NCDEX Commodity/Nifty Calculator
• MCX Live Charts
• MCX Trading with Pivot Levels  
• MCX Bhav Copy/Historical data for Referenc

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