MCX Cotton under fresh buying Support seen at 19760
India, Jan. 10 -- Technically Cotton market is under fresh buying as market has witnessed gain in open interest by 2. 82% to settled at 4634 while prices up 20 rupees.Now MCX Cotton is getting support at 19760 and below same could see a test of 19720 levels and resistance is now likely to be seen at 19840 a move above could see prices testing 19880.Cotton on MCX settled up by 0.1% at 19800 owing to a pickup in export demand from main importers China Bangladesh and Vietnam.Prices remained supported as exports are likely to increase amid the likelihood of the US signing the first phase of a trade treaty with China this month.Since the past one month trade inquires have started picking up from China and Bangladesh and contracts are being signe...
To read the full article or to get the complete feed from this publication, please
Contact Us.