Cotton may trade lower this week

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falguni gyarsia
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Joined: Wed Jan 02, 2013 2:08 am

Cotton may trade lower this week

Post by falguni gyarsia » Mon Apr 15, 2013 10:41 pm

According to experts this week cotton may trade lower as the demand for the export is increased in India. For future export it fell by 2.02%.
Monday Mcx silver closed at 44378 and today it opened at 43876 down by 502 points. Yesterday in the noon time it slipped by near about 4500 points and Gold by 2000 points. The support for gold is 25345 and resistance is 29058.
In the International market Wheat is going higher and higher. The same situation has been seen in the trading of Soyebean Oil, Corn and Natural gas. The price of Brent oil takes a change of 0.20% at 99.56 for June contract. It drops below $100 since last July.
http://goo.gl/bsXYx and http://goo.gl/CB46I

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