Support us by consulting our free daily magazines with color stock charts and weather maps on our commodity-market-review.com website. TECHNICAL ANALYSIS OF COTTON Last week, ICE U.S. cotton futures closed lower at $68.4 cents per pound. Hopes for a vaccine are fuelling the markets, Moderna announced very encouraging results on Monday. The pandemic continues...
Support us by consulting our free daily magazines with color stock charts and weather maps on our commodity-market-review.com website. TECHNICAL ANALYSIS OF COTTON Last week, ICE U.S. cotton futures closed lower at $68.62 cents per pound. The pandemic continues unabated, we have just surpassed 50 million cases worldwide, with more than 1.250 million deaths....
Support us by consulting our free daily magazines with color stock charts and weather maps on our commodity-market-review.com website. TECHNICAL ANALYSIS OF COTTON Last week, ICE U.S. cotton futures closed lower at $68.90 cents per pound. The worsening health situation with a sharp increase in covid-19 cases in the U.S. and Europe has strongly impacted markets...
Hi traders and investors , just waiting for the breaks of the resistance and the parallel channel
This is my thoughts about CT1! for the short and the long term
Corrective 1h ascending channel PA into top reversal zone will tell me there is a high probability for a reversal to occur soon. We could also see a blow off top through the zone followed by a bearish engulfing 4h/daily which will then see a short move start. Medium term hold trade. Depending on the entry candle a 70c stop would see profit targets of 5.7R to...
Hi there ! We post the next possible trading opinion to cotton CT1! which is possible after the terrible decline which took place this week after the escalated tensions of the trade war between U.S - China. As you see the diagram in daily timeframe the possible target price is at the level of the median BB. This bounce is also confirmed by the RSI. Also farmers...
with commercials buying cotton I’m expecting atleast a “relief rally” to the 67-69 region ** Just an idea NOT a forecast
Cotton futures are currently caught in 2 separate bullish descending wedge patterns on positive divergences. There was one instance where the divergence did not play out, however this divergence was only visible on the RSI (August 2018) which is why we look for both. Coincidentally, assuming we have reached a bottom in the price of cotton futures, please...
Hi there . The recent trading idea is for Cotton CT1! . After the last hard week now turns for a possible rebounce until the price of 72. This technical trade response immediately to oklahomas latest news about weather conditions. Oklahoma is the center of the biggest US cotton producers and US is the 3rd biggest producer in the world so maybe an upcomming decline...
Hi guys. I hope my post finds you all well ! I post my recent trading idea specific for Cotton No.2 CT1!. As we see from digramm we are at a recent bounce back from the upper bollinger until the median, I expect that it will go as far as the lower bollinger with a target price at 72,20 $ . This opinion is confirmed also by ADX indicator which signs a short signal...
Looking at the daily chart, you can see there were 3 attempts to rebound from the 618 FIB level. The 3rd attempt had a nice bullish engulfing angle. Price action sits above 21EMA, a bullish sign for us and we took a small nibble at 69.2. We think the H&S shoulder pattern is forming in process. Once it breaks out of the triangle, it should heads towards the right...
This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... .zip (with PDF`s) @ my Google Drive Closings Bearish (32 Commodities) drive.google.com Best regards :) Aaron
Each red or green arrow indicates whether cotton prices have been in an up or downtrend. Results have been incredibly consistent since the 18th century.
This level in purple is extreme and the r/r on the daily peaks my interest.