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CT1!

Cotton Long Hi there ! We post the next possible trading opinion to cotton CT1! which is possible after the terrible decline which took place this week after the escalated tensions of the trade war between U.S - China. As you see the diagram in daily timeframe the possible target price is at the level of the median BB. This bounce is also confirmed by the RSI. Also farmers price is by far the worst in 2 years. Trade with safety. Omen (This is only a trading idea and not an investment advice ! )
ICEUS:CT1!Long
by OmenFinance
CT1! Long (via. BAL)Cotton futures are currently caught in 2 separate bullish descending wedge patterns on positive divergences. There was one instance where the divergence did not play out, however this divergence was only visible on the RSI (August 2018) which is why we look for both. Coincidentally, assuming we have reached a bottom in the price of cotton futures, please appreciate the fact of how well the Fibonacci retracement levels overlap with the resistances above. Another interesting point to highlight is that if you take the measured move of both falling wedge patterns, and add that height to the potential breakout zone, then both distances happen to fall into the same area of resistance. That level of resistance at ~75.15 will be the final target for cotton futures over the duration of this year. For this trade, we will use BAL, a cotton ETN. A suggested stop would be at 36.28 (5% down) for a potential of 20% upside gain.
ICEUS:CT1!Long
by BigMouse777
Cotton CT1! Idea LOnGHi 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 !
ICEUS:CT1!Long
by OmenFinance
Short Trade Opinion fot Cotton ( CT1!)Hi guys. I hope my post finds you all well ! I post my recent trading idea specific for Cotton No.2 CT1!. As we see from digramm we are at a recent bounce back from the upper bollinger until the median, I expect that it will go as far as the lower bollinger with a target price at 72,20 $ . This opinion is confirmed also by ADX indicator which signs a short signal through that crossover from -DI and +DI. Also this opinion is confirmed by RSI which turned down through the last close of market and confirms the sell signal . So 3/3 ! I hope you find that usefull ! Invest with safety. Be well !
ICEUS:CT1!Short
by OmenFinance
100% Cotton OnLooking at the daily chart, you can see there were 3 attempts to rebound from the 618 FIB level. The 3rd attempt had a nice bullish engulfing angle. Price action sits above 21EMA, a bullish sign for us and we took a small nibble at 69.2. We think the H&S shoulder pattern is forming in process. Once it breaks out of the triangle, it should heads towards the right shoulder which is also breaking out from the upper channel (white line). It might pull back (red arrow) giving late buyers a chance to enter the market before charing forward to 75.19 (a resistance level) where the 38.2 FIB level sits.
CLong
by dchua1969
Cotton (CT) Bottoming on Daily/Weekly ChartIn the first few hours following NFP on Friday, CT showed some hesitation before finally seeing an upside spike right in the closing hour, breaking it above downchannel resistance on the 4hr chart. In the daily chart, the symmetrical triangle CT finds itself in is edging closer towards resolution. Given that CT's RSI, Stochastics and MACD on the daily and 4hr charts are all sloping up, the symmetrical triangle will likely resolve to the upside. Just above the symmetrical triangle resistance is a horizontal resistance line I`ve drawn which served as a pivot a number of times over the last three months. Once broken, the next key upside target will likely be at roughly the 66.5 horizontal resistance and followed by another horizontal resistance line drawn near 68. Feel free to visit stks.co for today's technical analysis on $CT_F, $USDJPY, $EURUSD, $GBPUSD, $VIX_F, $ES_F, $NQ_F, $AUDUSD, $DX_F, $NG_F, $CL_F. Website: tradablepatterns.com FB: facebook.com Stocktwits: stocktwits.com Twitter: twitter.com Linkedin: www.linkedin.com YouTube: www.youtube.com Google+: google.com Email: info@tradablepatterns.com
CLong
by TradablePatterns