Cotton isn't that interesting right now. Once wave A has formed (there will not be enough detail to count 3 vs 5 sub-waves in wave A) there will be a small bounce and then wave C down looks attractive.
Cotton Buy Idea @Daily Demand Zone (79.65 - 78.93) Buy Limit: 79.65 Stop Loss: 78.75 Take Profit: 81.10
Price testing multi year high with a inverse H&S already broken. 96 should be followed. If broken with volumes, the target can be 130+ (approx 40% upside)
Back in April I talked about getting into cotton if it went below the 84 level. Well it did, and what happened after that? A little boom boom! It took its time but moved higher as expected into the 94 level as expected. Trades don't always work out so nicely, so when they do come its nice to be able to say thank you to everyone who followed it with me. I'll be...
Hey guys, I'll get stright to the point! Cotton looks really bullish to me :D The better part of this year we have seen some bullishrallies, but nothing that has really taken us out of the 77-83 range. While other commodities have shown strenght or declined Cotton has done...not much. When I see that I start to think we are getting ready for a bigger move! Right...
Whats up tradingview commnity? Last time we talked about cotton I mentioned that I would be looking for a buy if we got below 84. And well we did...was kinda scary wasn't it? Shot down there like it was gonna reverse or something (still could ;) But like I mentioned in the previous post on cotton, in an environment where it should be going lower, its holding...
25 Apr 2018 Cotton #2 Ice July18 CTN2018 Price fall of Apr24 points to immediate support at 81.10 then 80.70 This latter support is significant and failure here (Daily close below) will open next support at 79.70 (double bottom retest) and 77.70 If the double bottom retest gives way then price will probably move down to 74.40 (minimum) or more likely 73.90...
COTTON Short Opportunity ---------------------- Elektro Analysis
COTTON Short Opportunity ---------------------- Elektro Analysis
Focusing only on the Chart all points in the next two months we must touch the maximum, however according to specialists the increase in stocks outside China could lower prices. We make a projection and we keep an eye on how it evolves. Best wishes to all!!
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...
COTTON is in accumulation phase in the short term it should break the congestion area (68-69.5) and climb to test the pullback line in the area (70.5-71) You can enter long if close an hourly candle over 69.328 cents bringing over only in the case that in the day exceeds 69.78 cents otherwise close and try again the next day XiNiaN 4 - Trading System - V....
Cotton has been falling for the past few months. Signs of consolidation and lost of steam has begun. Before we go into the charts, a brief summary of what we see empirically - Prices tend to bottom out around August. Immediate low presents a strong support due to historical hits and fib hits. RSI and MACD has indicated buy signals. Confirmation upon; 1. Positive...
Looks like it has reached its bottom and reversal has just started. lets aim for Fibo retracement as target number 1
Fundamentals of Cotton No2 bit of a mixed bag but price and momentum turning south once more? Trying to give back last years gains. 71 then mid 67's possible downside, with support or reversal levels back up at 79?
It looks like cotton is going to take yet another dive. Not sure how far this can go though before hitting negative territory.