# Cottonseed oilcake can fall further - The HinduBusinessLine

> 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.

- Date: 2021-09-20 · published 2021-09-20T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/45180-cottonseed-oilcake-can-fall-further-the-hindubusinessline
- Commodities: [Cottonseed Meal](https://feedsoft.ai/c/CSM.md)

## Why it matters

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.

## Read by commodity

- CSM: bearish ▼

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/markets/commodities/cottonseed-oilcake-can-fall-further/article36567732.ece

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