The soft commodity has been trading higher than 50, 100 and 200 days#39; moving averages but lower than 20 and 5 days’ moving average on the daily chart. The Relative Strength Index (RSI) is at 50.33 which indicates neutral momentum in prices.Cotton futures drop 0.64% to Rs 21,880 per bale on weak global cues
The soft commodity has been trading higher than 50, 100 and 200 days#39; moving averages but lower than 20 and 5 days’ moving average on the daily chart. The Relative Strength Index (RSI) is at 50.33 which indicates neutral momentum in prices.
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