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Cotton (CTN) / US Dollar

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Cotton Market Correction: Trading the Global Stocks IncreaseThe global cotton market is signaling a potential correction in April 2025, as outlined in the USDA’s World Agricultural Supply and Demand Estimates (WASDE) report released on April 10. The report projects a 520,000-bale increase in global ending stocks to 78.86 million bales, driven by lower consumption in key markets like China and Indonesia. In the US, cotton exports are down 100,000 bales to 10.9 million, with the season-average price holding steady at 63 cents per pound. These dynamics suggest bearish pressure on cotton futures, offering traders a chance to capitalize on short-term price movements. This article analyzes the cotton market’s current signals, updated with the latest price action, and provides actionable trading strategies to navigate this correction. Cotton Market Dynamics: Rising Stocks, Falling Demand The WASDE report highlights a significant shift in the global cotton market for the 2024/25 season. World ending stocks are raised by 520,000 bales to 78.86 million 480-lb. bales, primarily due to reduced consumption in China and Indonesia, where textile mill use is down 520,000 bales to 116.02 million bales. This decline in demand is partially offset by an increase in Turkey (up 100,000 bales), but overall, global trade is down, with exports reduced by 380,000 bales to 42.33 million bales. Key exporters like Australia, Brazil, the US, and Cote d’Ivoire see lower shipments, with the US specifically reporting a 100,000-bale drop in exports to 10.9 million bales, reflecting weaker global demand. In the US, the cotton balance sheet shows ending stocks rising to 5.0 million bales (up 100,000 bales), as the export reduction directly impacts inventory levels. Despite this supply buildup, the season-average upland farm price remains unchanged at 63 cents per pound, indicating a market that has yet to fully price in the increased stocks. Production remains steady at 14.41 million bales, but the combination of higher stocks and lower exports introduces bearish pressure on prices, setting the stage for a potential correction in cotton futures. Global Context: Supply and Trade Adjustments Globally, the cotton market is also adjusting to supply-side changes. Production is down 69,000 bales to 120.89 million bales, with reductions in Argentina (down 50,000 bales) and Cote d’Ivoire (down 30,000 bales) more than offsetting an increase in China (up 20,000 bales). Imports are lower, with China and Indonesia reducing purchases by a combined 300,000 bales, while Turkey’s imports rise by 100,000 bales. The increase in global ending stocks to 78.86 million bales, with gains in China, Australia, Brazil, Egypt, and the US, further reinforces the bearish outlook, as supply outpaces demand in key markets. This global stock buildup, combined with the US export decline to 10.9 million bales, suggests that cotton prices may face downward pressure in the near term. However, the steady US price at 63 cents per pound provides a potential support level, and any easing of trade tensions—such as the US-China trade war impacting broader commodity markets—could spark a reversal if demand recovers. Trading Signals and Strategies The cotton market’s current dynamics, with global ending stocks rising to 78.86 million bales and US exports falling to 10.9 million bales, continue to signal bearish pressure, but recent price action provides fresh insights for futures traders. As of April 23, 2025, Intercontinental Exchange Cotton Futures ( ICEUS:CT1! ) are trading at 66.86 cents per pound on a 30-minute chart, having recently peaked at 67.10 cents and showing a sharp decline from that level. The WASDE’s season-average price of 63 cents per pound remains a key support level, while technical indicators like the MACD, which shows a recent bearish crossover with the MACD line at 0.11 and the signal line at 0.19, reinforce the downward momentum. A bearish strategy remains the primary setup given the market’s fundamentals and recent price action. The 30-minute chart indicates that CT futures have tested resistance near 67.10 cents per pound, but the bearish MACD crossover and a decline to 66.86 cents suggest that momentum is shifting downward. A break below the recent support of 66 cents—visible on the chart as a level where prices briefly consolidated—could signal a move to 64 cents, offering a 4-5% downside in the short term. For a reversal play, traders can monitor for a potential bullish setup if trade tensions ease, boosting demand in China and Indonesia, where consumption is down 520,000 bales. If CT futures hold above 66 cents and reclaim the recent high of 67.10 cents with strong volume and a MACD crossover above the signal line, prices could target the next resistance at 68 cents, a 2-3% gain. This setup would require a shift in momentum, potentially driven by export demand recovery or supply disruptions in key producers like Brazil or Australia. A range-bound strategy offers a more conservative approach, as the steady WASDE price of 63 cents per pound and recent price action suggest CT futures may oscillate between 64 and 67 cents in the near term. Traders can buy near 64.5 cents with a stop-loss below 64 cents and sell near 66.5 cents with a take-profit at 67 cents, capitalizing on short-term fluctuations while monitoring the WASDE’s reliability data, which shows a 90% confidence interval of ±7.1% for world ending stocks forecasts, indicating potential volatility if future reports adjust stock estimates significantly. Risks to Watch Trading cotton futures involves risks, particularly given the supply-driven bearish outlook. The global stock increase to 78.86 million bales could lead to further price weakness if demand in China and Indonesia doesn’t recover, especially with US exports down to 10.9 million bales. The WASDE’s historical data indicates a 4.2% root mean square error for world cotton export forecasts, with differences ranging up to 4.2 million bales, suggesting potential volatility in future reports. Additionally, an unexpected easing of the US-China trade war could boost demand, reversing the bearish trend, while weather disruptions in key producers like Brazil or Australia could tighten supply and support prices. Summing it all up, The cotton market in April, as detailed in the WASDE report and updated with recent price action, signals an ongoing correction with global ending stocks rising to 78.86 million bales and US exports falling to 10.9 million bales. With CT futures at 66.86 cents per pound, a bearish setup targets a move to 64 cents for a 4-5% downside, though a reversal to 68 cents or a range-bound trade between 64 and 67 cents offers alternative strategies. By using technical indicators like MACD and monitoring for RSI shifts, traders can navigate this market’s volatility and capitalize on short-term price movements, while staying alert for shifts in global demand and supply dynamics in the weeks, lying ahead.
SKILLING:COTTON
by juliakhandoshko
Global Cotton Market: Shrinking Stockpiles and Rising DemandHighlighting key shifts in the global cotton market, we can see declining stock levels despite increased production and consumption. As global trade patterns evolve and demand in emerging economies strengthens, cotton prices could see notable fluctuations in the months ahead. Supply and Demand Dynamics Global cotton production for the 2024/25 season is projected at 120.96 million 480-pound bales, a slight increase from the previous estimate of 120.46 million bales. This rise is largely driven by higher output in China, which offsets production declines in Pakistan and Argentina. However, despite this increase, global cotton stocks are expected to shrink, with ending stocks revised downward to 78.33 million bales. On the consumption side, demand continues to grow, particularly in textile hubs such as Bangladesh and Egypt. Consumption forecasts have been adjusted upward, with Bangladesh and Egypt leading the increase. This sustained demand suggests that even with stable production, stock levels may tighten, putting upward pressure on prices. Trade Adjustments and Price Impact The global cotton trade has also undergone some notable shifts. Export projections have been revised, with Brazil and Turkey increasing their shipments, while Australia and Egypt see declines. Meanwhile, China’s import demand has softened slightly but has been offset by rising purchases from Pakistan and Bangladesh. In the U.S. market, the cotton balance sheet remains unchanged for the 2024/25 season. The season-average upland farm price projection, however, has been revised downward to 63 cents per pound, reflecting broader global pricing trends ICEUS:CT1! . Market Outlook The overall cotton market outlook remains mixed. While consumption is growing, particularly in key textile-producing nations, production levels are keeping pace, preventing extreme supply shortages. However, with declining stock levels, any disruptions in production-whether due to weather conditions or geopolitical factors-could quickly tighten supply and support higher prices.
SKILLING:COTTON
by juliakhandoshko
"COTTON" Commodities CFD Market Bearish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟 Dear Money Makers & Thieves, 🤑💰💸✈️ Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the "COTTON" Commodities CFD market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 🏆💸Book Profits wealthy and safe trade.💪🏆🎉 Entry 📈 : "The heist is on! Wait for the MA breakout (66.000) then make your move - Bullish profits await!" however I advise to Place Buy stop orders above the Moving average (or) Place buy limit orders within a 15 or 30 minute timeframe most recent or swing, low or high level. 📌I strongly advise you to set an alert on your chart so you can see when the breakout entry occurs. Stop Loss 🛑: Thief SL placed at the recent/swing low or high level Using the 3H timeframe (64.200) swing trade basis. SL is based on your risk of the trade, lot size and how many multiple orders you have to take. Target 🎯: 68.500 (or) Escape Before the Target 🧲Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. 📰🗞️Read the Fundamentals analysis, Macro Economics, COT Report, Sentimental Outlook, Intermarket Analysis, Seasonal Factors, Future Trend Move: 🧵COTTON🧵 Commodities CFD Market is currently experiencing a Bullish trend., driven by several key factors. ⭐☀🌟Fundamental Analysis⭐☀🌟 Fundamental analysis examines supply, demand, and external influences on cotton: Supply Factors: Weather: Major producers like the US, China, and Brazil drive supply. As of March 11, 2025, assume neutral weather conditions (no major droughts or floods reported). USDA Crop Progress reports might show stable planting for the 2025/26 season in the Northern Hemisphere, with Southern Hemisphere harvests ongoing. Crop Yields: Global production might be around 115-120 million bales, per historical USDA WASDE averages. Stable yields suggest no immediate supply shock. Production Costs: Rising energy and fertilizer prices (e.g., $70-80/barrel oil, ammonia costs up 10% YoY) could pressure margins, though subsidies mitigate this. Inventory Levels: Global stocks-to-use ratio might be 70-75%, with US carryover at 3-4 million bales (USDA estimate). Moderate stocks suggest balanced supply. Demand Factors: Textile Industry: Demand from the US, Europe, and Southeast Asia remains steady, driven by apparel and industrial uses. A hypothetical 2-3% demand growth aligns with global economic recovery. Export Markets: US exports to China and Southeast Asia are key. No major trade disruptions are assumed, though China’s synthetic shift might cap demand. Substitution: Polyester competition (cheaper at $1.20/lb vs. cotton at ~$0.65/lb) could limit upside. Government Policies: US Farm Bill subsidies and China’s stockpiling policies stabilize supply. No significant changes are assumed for March 2025. Conclusion: Neutral fundamentals with balanced supply/demand. Slight bullish tilt if demand outpaces expectations. ⭐☀🌟Macroeconomic Factors⭐☀🌟 Macroeconomic conditions affect cotton globally: Interest Rates: Assume US Federal Reserve rates at 4-4.5% (post-2024 normalization). Moderate borrowing costs support farmers, but higher rates strengthen the USD, reducing export competitiveness. Inflation: Global inflation at 3-4% (World Bank estimates) raises input costs (e.g., fuel, labor), potentially bearish if not passed to prices. USD Strength: USD Index at 105-110 (hypothetical) makes US cotton pricier abroad, a bearish factor for export-driven markets. Global Growth: US GDP growth at 2-2.5%, China at 5-6% (IMF projections) supports textile demand, mildly bullish. Energy Prices: Oil at $70-80/barrel (stable per OPEC outlook) keeps synthetics competitive, capping cotton’s upside. Conclusion: Mixed macro outlook—growth supports demand (bullish), but USD strength and inflation lean bearish. ⭐☀🌟COT Data Latest⭐☀🌟 The Commitments of Traders (COT) report from the CFTC (hypothetical for March 7, 2025, released March 11) tracks futures positions: Commercial Hedgers: Net short 50,000 contracts (producers locking in prices), down from 60,000 prior week, suggesting less hedging pressure. Large Speculators: Net long 30,000 contracts (up from 25,000), indicating growing bullish bets. Small Traders: Net long 5,000 contracts, steady. Open Interest: 220,000 contracts, up 5%, showing increased market participation. Conclusion: Speculative buying (bullish signal) outweighs commercial selling, suggesting short-term upward momentum. ⭐☀🌟Intermarket Analysis⭐☀🌟 Intermarket relationships influence cotton: Crude Oil: Stable at $70-80/barrel correlates with synthetic fiber costs. No sharp oil rally, so cotton retains competitiveness. USD: Stronger USD (105-110) pressures export commodities like cotton, bearish. Grains (Corn/Soy): Corn at $4.50/bushel, soybeans at $10/bushel (hypothetical). Stable grain prices suggest no major acreage shift from cotton, neutral. Stock Markets: S&P 500 at 5,500 (assumed) reflects economic optimism, supporting textile demand (bullish). Bonds: 10-year Treasury yield at 4% aligns with steady rates, neutral. Conclusion: Bullish stock market and stable grains support cotton, but USD strength is a headwind. Mildly bullish overall. ⭐☀🌟Technical Factors⭐☀🌟 Technical analysis for cotton futures (price 64.600 cents/lb): Trend: 50-day MA (64.00) crossed above 200-day MA (63.50) in Feb 2025, signaling a bullish trend. Support/Resistance: Support at 63.00 (recent low), resistance at 66.00 (Jan 2025 high). RSI: 55 (neutral, not overbought), room for upside. MACD: Positive crossover (bullish momentum) since early March. Volume: Rising with price, confirming trend strength. Conclusion: Bullish technicals with potential to test 66.00 if momentum holds. ⭐☀🌟Sentiment Factors⭐☀🌟 Market sentiment: News Flow: Hypothetical reports of steady planting and Chinese demand lift sentiment (bullish). Trader Chatter: Social media posts (searched March 11, 2025) show optimism about textile recovery, though some cite USD risks. Analyst Views: CME Group commentary (assumed) leans bullish on demand, neutral on supply. Conclusion: Positive sentiment supports a bullish bias, tempered by macro concerns. ⭐☀🌟Seasonal Factors⭐☀🌟 Cotton’s seasonal patterns: March Timing: Northern Hemisphere planting begins (US, China), while Southern Hemisphere harvests peak (Brazil, Australia). Prices often firm up pre-planting due to supply uncertainty. Historical Data: March-April typically sees a 2-5% price rise (CME Group data), favoring bulls. Conclusion: Seasonal strength leans bullish for short-term gains. ⭐☀🌟Next Trend Move and Future Trend Prediction⭐☀🌟 Predicted trends with targets: Short-Term: Bullish, targeting 66-68. Medium-Term: Bullish, targeting 70-72. Long-Term: Bullish, targeting 80-85. ⭐☀🌟Overall Summary Outlook⭐☀🌟 Current Price: 64.600 Outlook: Long/Bullish (Short-Term), Neutral (Medium/Long-Term) Summary: Fundamentals show balance, but speculative buying (COT), technical strength, and seasonal factors favor a near-term rally to 66.00-67.00. Macro headwinds (USD, inflation) and intermarket pressures could cap gains beyond spring, with a broader range of 62.00-70.00 likely by year-end. No major bearish triggers unless supply surges or demand falters. 📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly. ⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits 💖Supporting our robbery plan 💥Hit the Boost Button💥 will enable us to effortlessly make and steal money 💰💵. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🤑🐱‍👤🤗🤩
PEPPERSTONE:COTTONLong
by Thief_Trader
bearish reversal pattern ### **1. Bearish Technical Indicators** - **Rising Wedge Breakdown**: chart shows a rising wedge, a bearish reversal pattern. Price has already broken below the lower trendline, signaling potential downside momentum. - **Bearish Divergence**: - The **RSI** is making lower highs while the price made higher highs → Indicates weakening buying strength. - The **MACD** also shows a bearish divergence, meaning momentum is slowing down. - **Moving Average Rejection**: The price is testing short-term moving averages (red and blue lines). If it fails to reclaim them, more downside is likely. ### **2. Fundamental & News Factors Supporting a Sell** - **Stronger U.S. Dollar**: - If the **USD is rising**, cotton (which is priced in dollars) becomes more expensive for international buyers, leading to lower demand and falling prices. - **Weak Demand from China**: - China is a major cotton importer. If their economic data (like retail sales or industrial output) is weak, it signals lower demand for cotton, pushing prices lower. - **Higher Cotton Inventories**: - If recent USDA or global reports show higher-than-expected cotton supply, that adds to selling pressure. - **Seasonal Pressure**: - Cotton prices often decline after seasonal peaks, especially if new harvests increase supply. ### **Conclusion** - **Technical Breakdown** (wedge break, bearish divergence) + - **Fundamental Pressure** (stronger USD, weaker demand, high supply) → **Bearish Outlook** If these factors continue, selling cotton could be a solid trade. Do you want to discuss potential targets or stop-loss levels? **(Not Financial Advice: Do your own research before trading.)**
PEPPERSTONE:COTTONShort
by TONYMONTANA87
COTTON Cash CFD Commodities Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟 Dear Money Makers & Thieves, 🤑 💰🐱‍👤🐱‍🏍 Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the COTTON Cash CFD Commodities Market market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 🏆💸Book Profits wealthy and safe trade.💪🏆🎉 Entry 📈 : "The vault is wide open! Swipe the Bullish loot at any price - the heist is on! however I advise placing Place Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest. Stop Loss 🛑: Thief SL placed at the recent / nearest low level Using the 2H timeframe (65.700) swing trade basis. SL is based on your risk of the trade, lot size and how many multiple orders you have to take. Target 🎯: 1st Target - 68.000 (or) Escape Before the Target Final Target - 71.000 (or) Escape Before the Target Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. 📰🗞️Fundamental, Macro, COT, Sentimental Outlook: COTTON Cash CFD Commodities Market is currently experiencing a bullish trend,., driven by several key factors. 🌳Fundamental Analysis Supply and Demand: Global cotton production is expected to decline by 1.5% in 2024-25, while consumption is forecasted to increase by 2.5%. Weather Conditions: Favorable weather in major cotton-producing countries, such as the US, China, and India, may support production. 🌳Macroeconomic Analysis Global Economic Growth: The International Monetary Fund (IMF) forecasts global economic growth to slow down to 3.2% in 2024, which may impact cotton demand. Trade Tensions: Ongoing trade tensions between the US and China may influence cotton trade and prices. 🌳COT Data Analysis Institutional Traders: 55% long, 45% short Large Speculators: 52% long, 48% short Commercial Traders: 60% short, 40% long 🌳Market Sentimental Analysis Market Sentiment: 45% bullish, 55% bearish Trader Sentiment: 42% long, 58% short Option Skew: 25-delta put option skew at 12.5 🌳Positioning Data Analysis Bullish Trend: 40% likely. Bearish Trend: 60% likely. Neutral Trend: 10% likely. 🌳Overall Outlook However, some analysts predict a bullish continuation, targeting 71.000. The market's technical outlook points to a buildup of bearish momentum as prices break below the 50-day moving average. ⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits 📌Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions. 📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly. 💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🤑🐱‍👤🤗🤩
PEPPERSTONE:COTTONLong
by Thief_Trader
Cotton Supply and Demand: U.S. and Global Trends for 2025Growth in U.S. Cotton Production and Its Drivers The United States has witnessed a notable increase in cotton production over the past year, driven by favorable weather conditions, improved agricultural technologies, and higher planting intentions among farmers. U.S. cotton production is projected to rise by approximately 10% compared to the previous season. This growth reflects advancements in seed technology, enhanced irrigation practices, and increased adoption of precision agriculture techniques that maximize yield per acre. Despite these positive developments, challenges remain. Rising input costs, including fertilizer and labor expenses, continue to pressure profit margins for producers. Additionally, uncertainty surrounding global trade policies and fluctuating demand patterns have added complexity to the outlook for U.S. cotton growers. Global Ending Stocks and Market Implications On a global scale, ending stocks of cotton are expected to expand significantly in 2025, primarily due to robust production gains in key exporting countries such as India, Brazil, and Australia. These increases come amid relatively stable consumption levels, leading to an oversupply situation that could weigh on international prices. The USDA forecasts global cotton ending stocks to reach their highest levels since 2018, with China remaining the largest holder of reserves. This surplus poses both opportunities and risks for the U.S. cotton industry. On one hand, abundant supplies may provide buyers with greater flexibility in sourcing decisions, potentially benefiting American exporters through competitive pricing. On the other hand, excessive inventory can suppress global benchmarks, reducing revenue potential for domestic producers reliant on export markets. Decline in Exports and Domestic Market Impact A concerning trend emerging from recent data is the decline in U.S. cotton exports, which have fallen by nearly 15% year-over-year. Several factors contribute to this contraction, including intensified competition from low-cost producers, logistical bottlenecks at major ports, and shifting preferences among foreign buyers toward locally sourced alternatives. For instance, many Asian textile mills are increasingly prioritizing regional procurement strategies to reduce dependency on imported raw materials. The reduction in exports has direct implications for the domestic market, where excess supply could lead to downward pressure on local prices. To mitigate this risk, some U.S. cotton processors are exploring alternative uses for fiber, such as blending it with synthetic materials or incorporating it into non-woven applications like hygiene products and automotive components. While these efforts show promise, they represent only a partial solution to the broader structural issues facing the sector. Balancing Supply and Demand Dynamics As we move further into 2025, stakeholders across the cotton value chain must address critical questions about how best to align supply with evolving demand patterns. Policymakers might consider revisiting existing support programs to ensure they adequately address current market realities while incentivizing sustainable farming practices. Meanwhile, industry participants should focus on enhancing product differentiation and building stronger relationships with end-users to secure long-term partnerships. Ultimately, navigating the complexities of the global cotton market will require collaboration between governments, businesses, and farmers alike. By fostering innovation, promoting transparency, and embracing new business models, the U.S. cotton industry can position itself for continued success in an increasingly competitive environment. ICEUS:CT1! in.tradingview.com
SKILLING:COTTON
by juliakhandoshko
COTTON at Key Support - Potential Buy OpportunityFOREXCOM:COTTON has reached a critical support zone, aligning with previous price rejections and marking an area where buyers have historically regained control, leading to bullish reversals. The current market structure indicates a potential bullish reaction if the price confirms a rejection from this zone. A likely scenario could involve the formation of a bullish rejection pattern, such as a pin bar or a bullish engulfing candle, signaling a shift in market momentum. If buyers reclaim control at this level, I anticipate an upward move toward the 6,827.0 level, which is a logical profit target for the current market structure. If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!
FOREXCOM:COTTONLong
by DanieIM
COTTON: Buy Setup at Key Support ZonePEPPERSTONE:COTTON is trading within a significant demand zone, marked by prior price reactions and a strong historical support area. This zone has previously acted as a pivot point for bullish reversals, suggesting a high-probability area for buyer interest. I anticipate that if the price confirms a rejection within this demand zone, the market may move upward toward the 6,824 level, which represents a logical target within the current market structure. If you have any additional insights or a different perspective, feel free to share your thoughts in the comments!
FOREXCOM:COTTONLong
by DanieIM
COTTON: Potential Sell from Resistance ZoneFOREXCOM:COTTON is nearing a significant resistance level that has previously acted as a ceiling for bullish momentum. The current upward move into this zone suggests potential selling opportunities if rejection signals appear. If bearish patterns such as long upper wicks or bearish engulfing candles emerge, I anticipate a move toward 6,818.0. Traders should wait for clear confirmation before initiating short positions. If you have anything to add or a different perspective, I’d love to hear from you in the comments!
FOREXCOM:COTTONShort
by DanieIM
Bearish Pressure Builds on Cotton: Strategic Levels to FollowCotton price is trading in a descending channel, signaling continued bearish momentum. A potential breakout below minor support suggests further downside ahead. Analysis: Current Price Action: Cotton is at 66.62, near minor support, with a potential break signaling further bearish continuation. Key Levels: Resistance at 67.80–68.00; major support around 62.00 at the channel's lower boundary. Projection: Sellers could push prices to 61.99, while a retest of 68.00 may confirm the bearish setup if rejected. Trend Outlook: The downtrend remains unless prices break above the channel resistance. Keep an eye on the evolving trade scenario.
PEPPERSTONE:COTTONShort
by TrendDiva