Cotton rally?with commercials buying cotton I’m expecting atleast a “relief rally” to the 67-69 region
** Just an idea NOT a forecast
CT1! trade ideas
Cotton's COT on Maximum Levels as It Approaches 2009 SupportWe 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 level should at least become another stop in the downtrend if not reversal. Opening long and moving stop loss in the profit zone as soon as possible will likely ensure good profit chances.
BUY Cotton-USD Futures Target 74 July 24th
Cotton 2020 OCT future quote 65.74; target 74; 3-12 month bullish outlook duration.
CT1! Long (via. BAL)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 appreciate the fact of how well the Fibonacci retracement levels overlap with the resistances above. Another interesting point to highlight is that if you take the measured move of both falling wedge patterns, and add that height to the potential breakout zone, then both distances happen to fall into the same area of resistance. That level of resistance at ~75.15 will be the final target for cotton futures over the duration of this year. For this trade, we will use BAL, a cotton ETN. A suggested stop would be at 36.28 (5% down) for a potential of 20% upside gain.
COTTON, Double Bearish Flag + Evening Star ConfirmationCotton 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 the end of the flag. Additionally, recent bullish USD performance has exerted weaker buying pressure of commodities across the board, leading to stronger probability of a downtrend continuation.
CTN2019 - Cotton Futures July 2019 Expiration.A trend-followers analysis of this Cotton Futures price action. By request.
premium.crackingcryptocurrency.com
Cotton CT1! Idea LOnGHi 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 in the supply of cotton worldwide. This scenario is also confirmed through a technocal scope of the unfilled gap until the price pf 72. Maybe yes ? Maybe No?
This is only an idea. Invest with safety !
COTTON FUTURESWith 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 levels of demand with high level of supply confirmed by cotton farmers.
this fundamental case I see as a catalyst to affect price in the future... link below timesofindia.indiatimes.com
From a technical perspective I am entering small positions and monitoring price at current levels. over all picture is showing influx of supply as well with long term targets to the demand zones for risk reward posted in above chart. lets see how the next couple of weeks play out for this short where we will have another long opportunity once this short completes. until then its patience and we will see how this plays out.
Cotton Bullish Pattern Breakout with Rectangle Base with FBDFCotton Bullish Pattern Breakout with Rectangle Base with False Break Down and Flip Pattern (Highly Reliable Pattern to reach the target of 1x Box Height)
Cotton´s correction over ? Continuation of downtrendSeems like break out of falling wedge, almost identical move like in December 2018. My target is on POC, 68 dollars.
Short Trade Opinion fot Cotton ( CT1!)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 through that crossover from -DI and +DI. Also this opinion is confirmed by RSI which turned down through the last close of market and confirms the sell signal . So 3/3 ! I hope you find that usefull ! Invest with safety. Be well !
AB=CD for 5th "touch" in rising channelSimple application of harmonics/channeling. Essentially (or similar) to
a wave 4 in EW. Ride to 5, and look for the corrective turn back down.
Up and back!
#CT_F $CT_F #Cotton - Bull spreadI built a calendar bull spread CTK19-CTN19. A possible entry is at the price -1,20 with SL -1,40 ($100/contract) and PT -0,50 ($350/contract).
#CT_F $CT_F #Cotton - LONGThere is a possible oversold mood in the Cotton market. Around price 78 is repeatedly created a quite obvious S/R zone and I see a potential to price 85.
