Technical: Cotton Bales Rajkot- Expect Higher Range To Be Tested

Dated 22/03/2017

COTTON BALES – Rajkot-Last Close- 21100– Expect Higher Range To Be Tested

Weekly Chart

Wave v appears to be in place which can end at 21575 or at 23576.

Support is at 20100.

Up Trend is in progress as prices are above DRV and higher bottom of 20600 of the rise from 18290.

Conclusion

A rise for Wave v appears to be in place.

Expect higher level to be tested.