Analysis done based on data till 16 June 2017
Cotton failed to get support and kept on dropping!
However, indicators are hinting at a technical bounce - bears may sell on the bounce . . .
- Doji candlestick hinting at indecision
- RSI oversold
- Slow Stochastic forming a double bottom (sort of)
- Only MACD looking bad
~71 provided some support . . .
Let us see what happens in a week . . .
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