Cotton can 3x from hereCotton relies on water reserves. These are shrinking. I think this is certainly one of the most underated commodities and I'm a die-hard contrarian.
COTTON: Potential Sell from Resistance ZoneFOREXCOM:COTTON is nearing a significant resistance level that has previously acted as a ceiling for bullish momentum. The current upward move into this zone suggests potential selling opportunities if rejection signals appear.
If bearish patterns such as long upper wicks or bearish engulfing can
Bearish Pressure Builds on Cotton: Strategic Levels to FollowCotton price is trading in a descending channel, signaling continued bearish momentum. A potential breakout below minor support suggests further downside ahead.
Analysis:
Current Price Action: Cotton is at 66.62, near minor support, with a potential break signaling further bearish continuation
uscotton longus cotton
long
Please don't be greedy
ENTRY : yellow point
TP : blue lines
SL :
below red line for LONG position
above red line for SHORT position
INSTRUCTIONS:
For risk and money management:
5% of your wallet for LEV X ≤20
And
3% of your wallet for LEV X ≥ 20
Cotton: Trend Change with Higher High and LowCotton has changed its trend and is now printing higher high and higher low. This pattern indicates a bullish momentum.
COTTON Technical AnalysisWhen the COTTON 4-hour chart is examined; It is observed that the price movements continue on the trend line. As long as the COTTON price does not break down the 6853 level, it is evaluated that the price movements above the 7002 level can exceed the 7219 level and target the 7587 level.
COTTON Graphic ReviewWhen the COTTON daily chart is examined; It is observed that the price movements continue within the possible Çanak formation formation. As long as the COTTON price level is not broken down from the 6611 level, it is evaluated that the price movements above the 7553 level may exceed the 8187 level a
Cotton Futures - Cotton trade in positiveCotton Futures
This trade once again I took after looking at the COT report and WASDA which reports on the grain and the meat market.A
In the COT report once again the markets were crowded from the non commercials and the commercials. WASDA was showing signs of weakening prices on cotton.
After a
COTTON - Patience will pay off For those who are still in this trade and you ´ve been patient, you could benefit from it. Big short move, surprisingly got us where we would like to be.
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Displays a symbol's price movements over previous years to identify recurring trends.