Cotton 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 weekly engulfment I waited for price to pull back for a short entry.
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.
See chart above for analysis:
HTF:
-Trend = downtrend so any longs will be counter-trend and smaller risk + quick trade management recommended.
-Price inside HTF daily demand
LTF:
-confirmation 2.0 setup as there was no
quality confirmation created the first time price returned.
-Price broke downward ML
-Price removed opposing pivot supply.
-DBR created
📊 COTTON
⏱ TIME: 1W
📝It is reaching very important areas for spot purchases, and you can make purchases in a gradual and managed manner. It has also been checked for fundamental analysis and is a sustainable and strong project for the future.
⭕️risk: LOW
📍buy market:89 $
📌TP1: 104 $
📌TP2: 116 $
📌TP3: 124 $
📌TP4: 150 $
⛔️SL: 74.5$
From around the beginning of November 2022, Cotton futures have been trading in a range, roughly between the 75- and 89-dollar marks. As long as the price remains in that range, we will stay neutral. Only if we see the commodity breaking through one of the sides of that range, only then we will consider the next short-term directional move.
A break through the...
Commodity: Cotton Cash Contract
Introduction:
Hello everyone! Today, we'll be analyzing the Cotton Cash Contract on the daily scale traded on Pepperstone. After a clear downward trend, the contract seems to have entered a consolidation phase, possibly forming a rectangle pattern.
Analysis:
The rectangle pattern we're observing has been forming for around...
Disclaimer:
easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and...
TODAY’S MARKET IDEA:
Cotton price looking bullish after breaking above 50 day moving average
Cotton vs US Dollar current price $88.25, both rate of change 4 and 13 day above zero line (bullish); MACD above its signal line (bullish) and the fact that current price is above both its respective 20 and 50 day moving averages indicate bullish technical...
Weekly RSI breaking through 50
Resistance being tested at 1.15 SR Flip and 21 WMA / 200 DMA
Price has pulled back to fib 23.6 on the Daily Chart.
TP 1 - 1.30 (swing high)
TP 2 - 1.50 (year high)
Risk - 1x Daily ATR below prior day low
Hello friends. We have carved out a niche for ourselves within the mean reversion of supply and demand in the commodity space, and we love trading these setups because they have fundamental drivers that make them very likely to play out. We linked an idea with a better explanation of why this strategy works.
How to trade this:
Long cotton
Short DBC
Thanks for playing.
EMA crossover with distance indicating a heavy movement (10&20), MACD bellow 0 with distance. Hoping to enter on the correction move with my SL protected by the zones indicated by the rectangles. Charts look bearish on higher time frames
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...
