Wednesday, February 16, 2011
0
Cotton Oil Seed Cake on a roll, uptrend to continue
AHMEDABAD (Commodity Online): Cotton Oil Seed Cake or more popularly known in NCDEX terminal as COCUDAKL is in primary uptrend but a slight correction creeped into the prices last week. However, it bounced back with good moment and volumes. COCUDAKL is expected to rise till 1320 and next level is 1350.
At the National Commodity and Derivatives Exchange counter COCUDAKL opened at 1266 and made low of 1255 but rose from their due to bottom buying.
“Technically, Short term traders can buy COCUDAKL March contract near 1285 with the stop loss of 1230,” said Bharti Navlani, Technical analyst with Commodity Online.
This post was written by: HaMienHoang (admin)
Click on PayPal buttons below to donate money to HaMienHoang:
Follow HaMienHoang on Twitter
Subscribe to:
Post Comments (Atom)
0 Responses to “Cotton Oil Seed Cake on a roll, uptrend to continue”
Post a Comment