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


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