# Short NCDEX cottonseed oilcake futures - The HinduBusinessLine

> Technical analysis of NCDEX cottonseed oilcake continuous futures recommends a short position near ₹2,690 with a target of ₹2,450. The contract has lost about 14% year-to-date after failing at the ₹2,835 resistance level, and open interest has fallen as longs unwind.

- Date: 2022-11-21 · published 2022-11-21T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/38799-short-ncdex-cottonseed-oilcake-futures-the-hindubusinessline
- Commodities: [Cottonseed Meal](https://feedsoft.ai/c/CSM.md)

## Why it matters

This is chart-based commentary on an Indian domestic contract with no new supply or demand event, so it has little bearing on physical feed meal prices.

## Read by commodity

- CSM: bearish ▼

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/portfolio/technical-analysis/commodity-calls/short-ncdex-cottonseed-oilcake-futures/article66163630.ece

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.