Ny Cot Exchange Cotton No.2 March 2017 Weekly: Accumulate At Lower Level

REPORT For Date 01/12/2017

Ny Cot Exchange Cotton No.2 March 2017 Weekly: Accumulate At Lower Level

NY COT EXCHANGE Cotton No.2 (Price figures in cent/5000lbs):

Trend line breakout has been witnessed.

Expect a near term rally to test the last lower top peak of 75.75.

The supply zone can be in the range of 74.59-75.75.

Higher range for the week can be 74.16-76.62.

Support will be at 72.58-71.70-71.

Weaker opening and correction first to 72.58-71.70 can be used for buying with a stop loss of 71.

Bandwidth is moving up as shown in the chart which suggests that higher price can be witnessed with volatility.

Stochastic is in overbought zone which mean that higher resistance and supply zone of 74.59-75.75 can attract profit booking.

Trend and momentum is up therefore expect 74.16-76.72 to be tested and higher range of 74.59-75.75 can be used to take profits.

TREND INFORMATION WITH INTRA-DAY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Long	73.28	70.24	UP	71.9	23.11	69.24	71.70	72.58	74.16	76.62

*Trend will remain Down as long as last close is below the pink color DRV. Trend will be Up as long as Price is above DRV. Positional Traders: If trend is up then traders long can hold long position with closing stop loss of DRV: Close >DRV. If trend is down then traders can hold short position with a closing stop loss of DRV: Close <DRV.

PRICE, VOLUME AND OPEN INTEREST STRATEGY

Close	PRICE G/L%	VOLUME	% V INC/DEC	OPEN INTEREST	% OI INC/DEC	CANDLE	POSITION
73.3	1.9	88502	-21.1	-	-	Positive	-

TECHNICAL INDICATORS TABLE

RSI	1-ROC-RSI	Stochastic	1-ROC- Stochastic	MACD	1-ROC MACD	RS	1-ROC RS
60.25	5.08	91.48	12.00	0.32	965.03	64.52	-5.12

Note: UP Green= Shows Up Trend as Close > DRV (Pink Line), DN Red= Shows Down Trend as Close < DRV(Pink Line), Red Color Bar= Down Trend + Bandwidth Is Rising, Green Color Bars= Up Trend + Bandwidth Is Rising, Blue Color Bars= Sideways(Trend could be up or down + Bandwidth is falling), Pink Color line= DRV, V marked= Increase in Volume in relation to last few days. Trend will remain Down as long as last close is below the pink color DRV. Trend will be Up as long as Price is above DRV. Bandwidth Indicator= Helps to determine directional speed in the direction of the trend. Falling Bandwidth would indicates loss of momentum being witnessed or likely to be witnessed. Sideways movement may emerge or upside or downside could be locked until Bandwidth does not turn up. Rising Bandwidth can bring about directional momentum.

Disclaimer: There is risk of loss in trading in derivatives and the report is not to be construed as investment advice. The information provided in this report is intended solely for informative purposes. The author, directors and other employees of CC Commodity Info Services cannot be held responsible for the accuracy of the information presented herein or for the results of the positions taken based on the opinions expressed above.