Smart Money Positioned to LONG Cotton - COT StrategyDISCLAIMER: This is not trade advice. This is for educational purposes only to demonstrate how I am looking to participate in this market. There is significant risk involved in trading, do your own homework and due diligence.
COT Strategy
LONG
Cotton (CT)
My COT strategy has me on alert for long t
Upside Ahead for Cotton - COT Strategy BuyDISCLAIMER: This is not trade advice. This is for educational purposes only to demonstrate how I am looking to participate in this market. There is significant risk involved in trading, do your own homework and due diligence.
COT Strategy
LONG
Cotton (CT)
My COT strategy has me on alert for long t
A long positionCotton price may find support at 70 - 72$ level. It was testing the lowest bottom on 31 oct 2022.
Buy at curently price 73.68 and buylimit at 71.00. Stoploss at 69.52, take profit at 83.45 and 90.24
Cotton sowing minus in india 56% minuseAll india cotton sowing minus 56 % in india, so bullish cotton price target 75000 per candy.
Good future for cotton buyer
Cotton #2 overextended, possible retracementAnalysis: Price experienced a sharp decline over the short period and can now be seen as extended. Reversal position (long) can be taken to trade the potential retracement or even reversal.
Long opportunity: High risk Long at market as reopening towards 83.89 as Take Profit - 1 level.
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Displays a symbol's price movements over previous years to identify recurring trends.
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
