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Cotton_analysis

$CT1! Cotton... 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 areas. However, if we break above the highs of 90.15, I expect 95 and then 105 areas. Now, there are certain things to keep in mind, everyone is discussing it and I've started it since start of the year that key words: Stagflation....and there's another one recession! The market is forward looking...Those that understand economic cycles saw this coming and I well recommending researching into that, as much as technicals are important but it's really important to understand the type of cycle we are in and I had mentioned a little in my past week ahead videos! Have a great weekend, it's long one for some of us! 🌞 Trade Journal
ICEUS:CT1!
by Trade_Journal
U.S. 2022 Cotton Crop lowest since 2009 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 production decline. Based on the August forecast, 2022 cotton planted acreage is estimated at nearly 12.5 million acres—the area indicated in the June Acreage report and the highest in 3 years, as cotton prices heading into planting season were at historically high levels. However, drought conditions this season in the Southwest—the largest cotton region—is expected to reduce harvested area there dramatically. As a result, a substantially lower U.S. cotton harvested acreage estimate (7.1 million acres) is forecast, the smallest in over 150 years. However, the U.S. abandonment rate projection (43 percent) is the highest on record. The U.S. cotton yield is forecast at 846 pounds per harvested acre in 2022, slightly above the 3-year average. Upland cotton production in 2022 is forecast at 12.2 million bales, 29 percent (5 million bales) below 2021 and the smallest crop since 2009. During the past 20 years, the August upland production forecast was above the final estimate 12 times and below it 8 times. Past differences between the August forecast and the final production estimates indicate a 2 out of 3 chance for the 2022 upland crop to range between 11 million and 13.3 million bales.
CShort
by Sal98
COTTON - 12% LOWER SINCE OUR LAST POSTOn 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 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. Take a look at our previous ideas and how nicely we managed to ride this price on the way up (perfectly) and on our way down (perfectly again). one love, the FXPROFESSOR
ICEUS:CT1!Short
by FX_Professor
3
Cotton confirms! A nice move!Back in April I talked about getting into cotton if it went below the 84 level. Well it did, and what happened after that? A little boom boom! It took its time but moved higher as expected into the 94 level as expected. Trades don't always work out so nicely, so when they do come its nice to be able to say thank you to everyone who followed it with me. I'll be posting more as soon as the market shows me some new ideas, so follow along and stay in touch :) How did you trade this move? Did you catch a little piece, get get the whole shebang? Would love to hear form you, so share your experience and let's learn together! Peace, love, and sweet bamboo, tbp Note: All ideas expressed here are presented solely for learning and educational purposes only. Any gains or losses assumed by trading ideas presented by The Bad Panda are done so at your own risk
C
by TheBadPanda
The fluffy white won't be falling anytime soon...hint bullish ;)Hey guys, I'll get stright to the point! Cotton looks really bullish to me :D The better part of this year we have seen some bullishrallies, but nothing that has really taken us out of the 77-83 range. While other commodities have shown strenght or declined Cotton has done...not much. When I see that I start to think we are getting ready for a bigger move! Right now I'm watching for a big move through the first obejective at 87. That would give us a breakout above the yearly high and when that happens I think we could see 90, 94 in the cards for a solid bullish year. While that might be a some time off, we can still watch to see how strong the current bullish trend is. And think about getting positioned if the move does come ;) Right now I dont have a trade, but my wheels might start turning if we return below 84, even briefly ;) What's your opinion? Wre you as bullish as I am? And if you're not, thats cool, just share your ideas and let's learn together! Peace, love, and sweet bamboo, tbp Note: All ideas expressed here are presented solely for learning and educational purposes only. Any gains or losses assumed by trading ideas presented by The Bad Panda are done so at your own risk.
FOREXCOM:COTTONLong
by TheBadPanda
Cotton setting up?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 onto its rage. So I'm positioning for a long higher. While its still to early to see if it will be a big sustained break out, I do think we will pop up into 87 from where we are now. If we keep going, awesome hold it and ride it while its hot! if not, it's still a nice little trade. So once again, the 84 figure is where I'm looking for an reaction. Lets see how it goes! What's your opinion? Are you as bullish also? And if you're not, that's cool, just share your ideas and let's learn together! Peace, love, and sweet bamboo, tbp Note: All ideas expressed here are presented solely for learning and educational purposes only. Any gains or losses assumed by trading ideas presented by The Bad Panda are done so at your own risk.
FOREXCOM:COTTONLong
by TheBadPanda