ICEUS:CT1! Cotton!
Bless ya cotton socks, they say! I been checking the commodity index and things may get funky...
Now I went through sugar, that's looking like it's little over extended, now here's a beautiful chart of cotton!
Let's dive into technicals:
Pattern: Wedge
Highs: 90.15 Lows: 72
Now if we break the lows of 72, I expect 67.55 and then 62.25...
Welcome . Great opportunity to sell. cotton. with a broken triangle. And re-test. With a very negative candle. servile entry for great sellers. Please do not miss the opportunity. Thank you NEXT LEVEL 78
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...
On our main Futures trade, Cotton has indeed gone in our direction by a massive 12%.
We told you guys, some might consider it a 'boring' trade, more excitement in trading cryptos and indices or forex but as we stated before 'Cotton is Soft and Predictable', an asset worth your attention.
Cotton stands for seasonality and this makes trading CT1 a rather...
Hi guys,
today I want to introduce you all to an asset worth your attention.
Cotton stands for seasonality and this makes trading CT1 a rather predictable exercise.
Take a look at the chart and tell me if you like it.
Also look at my previous idea and how well it worked! Be inspired, don't look only for adventures but also for ''easier' trades.
Cotton prices are severely depressed at the moment.
Opportunity for profit 6% Risk to 20% Reward - 1:3 RR profile.
Entry Price and accumulation around 1.62
Stop Loss 1.56
Initial Take Profit January 2020, expect small seasonal retrace.
Final Take Profit June 2020 at 2.0
Fundamentals:
Drought, pest attack hit yields in key producing regions resulting in...
Cotton isn't that interesting right now. Once wave A has formed (there will not be enough detail to count 3 vs 5 sub-waves in wave A) there will be a small bounce and then wave C down looks attractive.
Whats up tradingview commnity? Last time we talked about cotton I mentioned that I would be looking for a buy if we got below 84. And well we did...was kinda scary wasn't it? Shot down there like it was gonna reverse or something (still could ;) But like I mentioned in the previous post on cotton, in an environment where it should be going lower, its holding...
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
.zip (with PDF`s) @ my Google Drive
Closings Bearish (32 Commodities)
drive.google.com
Best regards :)
Aaron
