Cotton has been fairly range bound after its fall from grace in 2011.
If the wedge continues through the long term downward resistance, I see difficulties breaking above 0.9445 with the possibility to short into 0.5707
Watch levels around 0.8601 to confirm downward movement.
If the wedge continues through the long term downward resistance, I see difficulties breaking above 0.9445 with the possibility to short into 0.5707
Watch levels around 0.8601 to confirm downward movement.
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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.