Title: Cotton Futures ( CT1! ), H4 Potential for Bullish Rise
Type: Bullish Rise
Resistance: 87.97
Pivot: 82.36
Support: 80.37
Preferred case: Looking at the H4 chart, my overall bias for CL1! is bullish due to the current price crossing above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to continue heading...
Looking at the H4 chart, my overall bias for CT1! is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a sell entry at 84.58, where the 23.6% Fibonacci line is. Stop loss will be at 87.97, where the 78.6% Fibonacci line is. Take profit will be at 79.78, where the 50% Fibonacci line and liquidity hotspots...
Title: Cotton Futures ( CT1! ), H4 Potential for Bullish Rise
Type: Bullish Rise
Resistance: 87.97
Pivot: 82.36
Support: 80.37
Preferred case: Looking at the H4 chart, my overall bias for CL1! is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to continue heading...
The market made a nice impulse up on the daily, and the correction of this long impulse brought the market into a range.
A break from this range may take the price higher into correction or deeper in the direction of the primary trend, but I would take profit on the short trades at the start of the daily corrective impulse, and wait for a countertrend to target...
Hello friends.
The price of cotton has been shaved in half by 2 key factors:
1) Largest cotton consumer China closing down with the zero-covid policy
2) Expectations that a recession will reduce cotton demand
Looking at the current price, we think that it's very cheap and that a substantial move to the upside is on the cards. One thing I don't think the market...
COTTON is going south. There was a stop at a weekly technical zone, but it was broken badly, so I assume price is heading south towards the next weekly zone.
Trade safe! ⚪️⚫️
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ANYWAY, a lot of Qs about the direction of the price. But it doesn't matter.
WE JUST REACT!
Remember...
Hi✋🏽
Price has reached a weekly low from May '21, and buyers made it go 1-2 from the 1-2-3 wave. We are in the 3rd wave moving up, but price can easily go sideways for some time before breaking out of this zone.
The long and the short trigger zone marks the sideways channel.
What do you think???
Trade safe! ⚪️⚫️...
Cotton has been extremely volatile since the May 17th highs with recession fears and weather conditions driving the market lower. The market accelerates its pace lower after the breakdown point on September 1st and is now testing trendline support going back to September of 2021. As we are trading near support and in oversold territory, we could see another bounce...
Cotton prices have been very volatile in 2022. The three-month implied volatility on cotton is currently at 43.7% fast approaching the levels last seen in 2011. A pickup in volatility has historically been an important indicator of a change in trend.
Back in 2011, Texas (the biggest growing cotton state in the US) witnessed the driest year on record. The reason...
Cotton was very volatile recently due to the effect of many factors (Dollar Index, Crop condition, Demand from Down Stream).
In general, Cotton need to find a balance points before any new update in the market.
If you are spinner, it is better to wait the Cotton find a new consolidation / balance period.
It can be 92 - 95 or lower. We can not be sure about this....
Daily cotton analysis
A long position with the target and stop loss as shown in the chart
The trend is still going up, when any official exit from the deal, I will send immediately the initial target has been shown in the chart
Daily cotton analysis
A long position with the target and stop loss as shown in the chart
The trend is still going up, when any official exit from the deal, I will send immediately the initial target has been shown in the chart
After the gap higher in Cotton last week, we have seen sustained price action out above that gap and is now acting as a strong support pocket going forward. This rally higher was led by weaker crop conditions with the ongoing drought in Texas, and the market is now in a tightening range. With the strong support pocket below and overhead trendline resistance, we...
Daily cotton analysis
A long position with the target and stop loss as shown in the chart
The trend is still going up, when any official exit from the deal, I will send immediately the initial target has been shown in the chart
