Hi there ! We post the next possible trading opinion to cotton CT1! which is possible after the terrible decline which took place this week after the escalated tensions of the trade war between U.S - China. As you see the diagram in daily timeframe the possible target price is at the level of the median BB. This bounce is also confirmed by the RSI. Also farmers...
We are nearing a price level, that served as the groundwork for the double bottom pattern and strong rally above. The price hasn't even come close anytime since. On top of that, August is seasonally good for cotton.
Yes, we might break. And yes, the downward moves are very impulsive (red arrows), whereas upward moves look somehow ill and weak. But I think, this...
Cotton futures are currently caught in 2 separate bullish descending wedge patterns on positive divergences. There was one instance where the divergence did not play out, however this divergence was only visible on the RSI (August 2018) which is why we look for both. Coincidentally, assuming we have reached a bottom in the price of cotton futures, please...
Cotton has been on a bearish run since the end of April 19. The bears' domination is set to continue, as seen by the Double Bear Flag patterns recently established.
I'm currently short on the trade as I feel that the current Bear Flag action has come to an end. This is supported by prices breaching support levels and the formation of an Evening Star Pattern at...
Hi there . The recent trading idea is for Cotton CT1! . After the last hard week now turns for a possible rebounce until the price of 72. This technical trade response immediately to oklahomas latest news about weather conditions. Oklahoma is the center of the biggest US cotton producers and US is the 3rd biggest producer in the world so maybe an upcomming decline...
Cotton Bullish Pattern Breakout with Rectangle Base with False Break Down and Flip Pattern (Highly Reliable Pattern to reach the target of 1x Box Height)
With price bullish and India to cut the inflow of cotton to equilibrating the flow of price.... we are seeing an increase in demand. however this cut is just for a limited period with major clothing companies on the IND50 index forecasting some slow in sales on cotton products. this will restrict the flow or goods. tariffs can also be catalysts as well as high...
Hi guys. I hope my post finds you all well ! I post my recent trading idea specific for Cotton No.2 CT1!. As we see from digramm we are at a recent bounce back from the upper bollinger until the median, I expect that it will go as far as the lower bollinger with a target price at 72,20 $ . This opinion is confirmed also by ADX indicator which signs a short signal...
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