Technical Analysis of Cotton: Second Try: 19 March 2017
Analysis done on Sunday, 19 March 2017 based on data till 17 March '17
Previous week's prediction was "wrong".
Cotton got support ~77 and is moving up.
Only Slow Stochastic is a bit bullish.
The MA are also bullish still.
Cotton has been on an up move from March 2016.
It faced Resistance at 78 in Aug '16 and recently at 79.
If it could cross 78-79 Resistance again, 84 is a possibility.
Will observe this week - hope to do next analysis in a week.
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