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Expect Cotton futures to trade sideways: Angel Commodities

28-02-2017| Source:Moneycontrol.com

According to Angel Commodities, expect cotton and kapas futures to trade sideways as market participants expected that the demand and supplies will be in balance.

NSEL COTTON

Commodity Last Price Change % Chg Volume High Low Open Interest
FKAPASKLR 4005.00 0.00 0.00 489105 4051.00 3751.00 489105
FKAPSKLREX 3700.00 0.00 0.00 89985 3951.00 3700.00 0
FKPSJLNEX 3415.00 0.00 0.00 21525 3415.00 3375.00 21525
FKPSDHLEXP 3650.00 0.00 0.00 7500 3650.00 3650.00 7500
COTNHMT8 33330.00 0.00 0.00 15 33350.00 31730.00 2
CWOILKDI25 626.00 0.00 0.00 6 626.00 626.00 6
CWOILKDI2 621.40 0.00 0.00 6 621.40 621.40 6
COTNMUM8 4660.01 0.00 0.00 3 0.00 0.00 0

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According to Angel Commodities, expect cotton and kapas futures to trade sideways to down on reports of improving supplies.

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