MCX to relaunch cotton futures today
Cotton futures trading, which was suspended by the Multi Commodity Exchange of India for the last five months, will resume from Monday.The cotton futures was suspended to redesign it to align with domestic markets. Cotton futures for delivery in April, June and August will be available for trading. Experts of the cotton market estimate that […]
Cotton Futures ( CT1! ), H4 Potential for Bullish Rise
Type: Bullish RiseKey Levels:Resistance:87.97Pivot:82.36Support:80.37Preferred Case:Looking at the H4 chart, my overall bias for CL1! is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to continue heading towards the resistance at 87.97, where the recent high is.Alternative Scenario:Price may head back down […]