OmenFinance

Cotton CT1! Idea LOnG

Long
ICEUS:CT1!   Cotton No. 2 Futures
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 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 !

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.