COTTONCNDY1! trade ideas
COTTON Next Days !Bigs Traders Decide To Buy The Cotton
I Advais you To Buy It Now
The Target Is 70 USD
Stoop Loss Is 63 USD
sell The COTTON !Trading Algorithme Emptied the order book
I Advais you to sell
This Market WIll Decline
The Target is 65 : 30 USD
STOOP LOSS IS 66 :05 USD
Take a long position in cotton.Price target 67.60 by August 17. Stop loss on a CLOSE below 58.50.
Please do remember that futures trading involves a substantial risk of loss and is not suitable for all investors.
Cotton is still afloatEarlier this Summer, Cotton rallied far above 200 daily (black). It broke down back to this level. When it comes to MA reactions, cotton is a beautiful example of that. It even reacts to 20 daily (blue) which isn't always true on other instruments.
I will be looking to open a long today or tomorrow on the pictured level. SL is below previous consolidation range's top and below 20 MA hourly (blue). If anyone is interested in Fibonacci stuff, take profit is right on 0.6 - 0.7 level.
Eventually, it will be wise to short with seasonality in mind. It points downwards for the later part of the year.
Rising wedge on COTTONHey traders,
a potential nice short opportunity is about to unfold on ICEUS:CT1! , which you might want to keep an eye on.
Cheers
