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! ⚪️⚫️ -------------------------------------------------------------------------------- ANYWAY, a lot of Qs about the direction of the price. But it doesn't matter. WE JUST REACT! Remember...
Hello ladies and gentlemen, ICEUS:CT1! shows a strong bearish configuration.
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! ⚪️⚫️...
double bottom formation after double bottom formation we can expect to increase the price till 143 dolars
Cotton prices make a decisive break below an area of resistance turned to support, which dates back to February 2021. The move sets prices up for a test of the 90 psychological level as the Relative Strength Index (RSI) tracks deeper into oversold conditions.
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...
Because virtually the whole world is suffering from massive drought this summer, many crops are in bad shape. This is true with the U.S. cotton crop and it's also true with the U.S. corn crop, which according to USDA reports, barely half of is in good or excellent condition as of last week. This is significant because the U.S. is the largest global producer...
According to USDA’s August forecast of the 2022 cotton crop, U.S. production is projected at 12.6 million bales, considerably below last season’s final estimate of 17.5 million bales and the lowest crop estimate in 13 years. Compared with 2021, cotton harvested area is also forecast significantly (31 percent) lower, but a higher national yield limits a further...
* The purpose of my graphic drawings is purely educational. * None of what i write here is not an investment advice. Please do your own research before investing in any asset. * Never take my personal opinions as investment advice, you may lose your money
The commodity has broken out long back and retested now, therefore may undergo a reversal rally. Trade is supported by Supports Nearby. Risk Reward Ratio - 1.5:1 SL is placed below the support zone & the lower trendline. The target is placed near resistance.
SHORT - RSI Divergence on the Weekly Chart with 50 Cross. Trend line break with a failed retest. Target Price 95c
July cotton futures collapsed on first notice day, which is generally a thin volume trade with no limits. This will be one for the books and a nice reminder that if you don't want to deal with delivery of futures, you should strongly consider rolling or flattening positions before first notice day.
CORN ZC Futures 19 May 2022 Based on the HV measures from the last 5612 candles our expected volatility for today is around 1.59% However, in order to increase our accuracy I am going to use a 1.25x multiplier => 1.99% This is translated into a movement from the current opening point of 15.48 With this information our top and bottom , with close to 85%...
Welcome Hyperspace Travelers, This is a 1-week time-series model of CT1! Cotton No 2. Futures Contracts. The purpose of this model is to potentially pick up early warning signs of hyperinflation. I think I found a juicy early warning sign. I may of course be incorrect. If we look at data starting in 1973 we can see a well defined coordinated harmonics...
See Picture For Analysis... Thoughts? -Price inside HTF demand -Trend = Uptrend -Wait For LTF Confirmation (trend Line break/opposing zones removed) -Need quality demand created
The soft commodities sector of the commodity market can be highly volatile. Historically, sugar, coffee, cotton, cocoa, and frozen concentrated orange juice futures that trade on the Intercontinental Exchange have doubled, tripled, and halved in value over short periods. While clothing and other consumer goods depend on the cotton market, the other sector members...
Wheat, Naturalgas, Brent, Coffee and Cotton vs BTC in one chart, all long!
Risk/Reward here is insane. Optimal long-term short entry. This is the third time cotton has been at this level in 50 years. Use good risk management unless an anomaly occurs like it did in the 2011 spike. Don't risk more than 1 to 2 percent of your total account size.