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Mtechtips Cotton

Mtechtips Cotton

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MTECHTIPS:-NCDEX Cotton Seed Oil Cake range bound; 1470-1540
Cotton seed oil cake futures for April delivery on India's National Commodity and Derivatives Exchange (NCDEX) is range bound and the may trade 1470-1540 range for the day according to our analyst.“Technically the commodity looks negative for the day and it is expected to bounce back in the after noon,” said Milan Shah Research Analyst at Commodity Online.“Break out of either side of the expected trade range 1470-1540 may give clear picture for further movement in futures,” he added.NCDEX cotton seed oil cake prices for April delivery was down by 1.06 percent at Rs.1492 per 100 kg as of 11.04 AM IST on Thursday.Cotton seed oil cake price movement is highly depended upon the prices of kapas. Cotton seed oil cake is a by-product of cotton seed and is used as cattle feed, mostly for dairy animals in Northern India.Lower kapas/cotton production estimates are likely to support cotton seed oil cake futures movement on NCDEX in both medium and long term
MTECHTIPS:-NCDEX Cotton Seed Oil Cake range bound; 1470-1540
Cotton seed oil cake futures for April delivery on India's National Commodity and Derivatives Exchange (NCDEX) is range bound and the may trade 1470-1540 range for the day according to our analyst.“Technically the commodity looks negative for the day and it is expected to bounce back in the after noon,” said Milan Shah Research Analyst at Commodity Online.“Break out of either side of the expected trade range 1470-1540 may give clear picture for further movement in futures,” he added.NCDEX cotton seed oil cake prices for April delivery was down by 1.06 percent at Rs.1492 per 100 kg as of 11.04 AM IST on Thursday.Cotton seed oil cake price movement is highly depended upon the prices of kapas. Cotton seed oil cake is a by-product of cotton seed and is used as cattle feed, mostly for dairy animals in Northern India.Lower kapas/cotton production estimates are likely to support cotton seed oil cake futures movement on NCDEX in both medium and long term

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Published by: MtechTips on Mar 21, 2013
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05/14/2014

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MTECHTIPS NCDEX Cotton Seed Oil Cake range bound; 1470-1540

Cotton seed oil cake futures for April delivery on India's National Commodity and Derivatives Exchange (NCDEX) is range bound and the may trade 1470-1540 range for the day according to our analyst.“Technically the commodity looks negative for the day and it is expected to bounce back in the after noon,” said Milan Shah Research Analyst at Commodity Online.“Break out of either side of the expected trade range 1470-1540 may give clear picture for further movement in futures,” he added.NCDEX cotton seed oil cake prices for April delivery was down by 1.06 percent at Rs.1492 per 100 kg as of 11.04 AM IST on Thursday.Cotton seed oil cake price movement is

highly depended upon the prices of kapas. Cotton seed oil cake is a by-product of cotton seed and is used as cattle feed, mostly for dairy animals in Northern India.Lower kapas/cotton production estimates are likely to support cotton seed oil cake futures movement on NCDEX in both medium and long term

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