TradablePatterns
Long

Cotton (CT) Exhibits Positive Divergence on Weekly RSI, MACD

ICEUSA:CT1!   Cotton #2
29 0 0
Cotton             has been making an admirable bottoming attempt in the last few weeks, having seen a surge in volume unmatched in the prior rally attempts over the last several months. Positive divergence between weekly RSI/MACD and price continues providing bulls reason to push cotton             towards its current downchannel resistance. With weekly RSI , Stochastics and MACD all sloping upwards, and higher than during any rally attempts over the last several months, a break above current downchannel resistance may not be far off.

For my multiple timeframe analysis on Cotton             , feel free to visit https://tradablepatterns.com/tag/ct_f/.

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