Loading…
A technical analysis of NCDEX cottonseed oilcake futures says the contract peaked at Rs 3,200 in August and has since fallen below support at Rs 2,800. The analyst expects further downside toward Rs 2,230 after a possible short-covering bounce.
Technical bearish signals suggest Indian cottonseed meal prices may keep weakening, which could ease feed costs for local cattle-feed buyers. The call is a chart opinion rather than a fundamental change.
thehindubusinessline.comAkhil NallamuthuSep 20, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
