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Technical : Cotton Seed Oil Cake Kadi Spot : Correction Is In Progress

12 Feb 2018 1:25 pm
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Dated 12/02/2018


Technical : Cotton Seed Oil Cake : Correction Is In Progress

Cotton Seed Oil Cake
Kadi- Last Close 1681


Correction resume again after the rise from 1342 to 1890.

Retracement the rise from 1342 to 1890 is in progress to test 1690-1614-1552.

Expect retracement levels to be tested before making attempts to move higher.

Upside breakout and close above 1890 can mark a reversal.

Correction towards 1552 or below is likely for Wave e of Wave (b) which can create bottom or higher bottom against the low of 132.

Conclusion

Correction currently is in progress for a bottom or for higher bottom in near term.

       
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