Kapas Trade with a Downside Bias & Test 895-885 Levels

Kapas Trade with a Downside Bias & Test 895-885 Levels

Gold Silver Reports — Kapas futures (April) is expected to trade with a downside bias & test 895-885 levels tracking bearish sentiments on the international market.

Kapas Trading Zone 895-885

ICE cotton futures shed over 2 percent on Tuesday in their biggest one-day loss in nearly eight months after a U.S. government report showed improving new crop conditions and energy and commodity markets weakened. The December cotton contract on ICE Futures U.S. settled down 1.6 cent, or 2.42 percent, at 64.39 cents perlb.Ittraded within a range of 63.96 and 66.46 cents a lb. — Neal Bhai Reports

READER DISCLAIMER

Our site is objectively in letter and spirit, based on pure Technical Analysis. All other content(s), viz., International News, Indian Business News, Investment Psychology, Cartoons, Caricatures, etc are all to give additional ambiance and make the reader more enlightening. As the markets are super dynamic by very nature, you are assumed to be exercising discretion and constraint as per your emotional, financial and other resources. This blog will never ever create rumors or have any intention for bad propaganda. We report rumors and hear-say but never create the same. This is for your information and assessment. For more information please read our Risk Disclaimer and Terms of Use.

Technically Yours,

Team GoldSilverReports.com, New Delhi, INDIA