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US Cotton (CT)US Cotton (CT)US Cotton (CT)

US Cotton (CT)

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USCOTTON trade ideas

Cotton Still in Consolidation Mode 87 big levelWe are not very excited about Cotton so far . Unless it manages to break the 87 level , we still think it will be in a consolidation mode till mid/late January of 2019. The cycles are positively configured , and there is a positive momentum with higher highs and lows but nothing to write home about. We will be watching this market closely for any breaks of the 87 level even though on near term is shows its hitting some resistance and it may correct the next few weeks before starting a new rally phase.
FOREXCOM:COTTON
by Kontoeidis1989
Global stock forecast cut bullish for cotton pricesUS Department of Agriculture revised its world cotton opening stocks downwards by 900,000 bales for April, according to the WASDE report. At the same time the USDA downgraded its forecast for world ending stocks for 2017-18 by 600,000 bales. Lower world inventories are bullish for cotton prices. On the daily timeframe the Cotton: D1 has been retracing following the decline after hitting four-year high in the beginning of March. The Donchian channel indicates no trend yet: it is flat. The MACD indicator is above the signal line and the gap is widening, this is a bullish signal. We expect the bullish momentum will continue after the price closes above the upper bound of the Donchian channel at 0.8393. A price point above that level can be used as an entry point for a pending order to buy. The stop loss can be placed below the fractal low at 0.7852 After placing the pending order the stop loss is to be moved to the next fractal low. Thus, we are changing the profit/loss ratio to the breakeven point. If the price meets the stop loss level (0.7852) without reaching the order (0.8393), we recommend cancelling the order: the market sustains internal changes which were not taken into account. Technical Analysis Summary Position Buy Buy stop Above 0.8393 Stop loss Below 0.7852
FOREXCOM:COTTONLong
by Vigilant
COTTON is in accumulation phaseCOTTON is in accumulation phase in the short term it should break the congestion area (68-69.5) and climb to test the pullback line in the area (70.5-71) You can enter long if close an hourly candle over 69.328 cents bringing over only in the case that in the day exceeds 69.78 cents otherwise close and try again the next day XiNiaN 4 - Trading System - V. 2.9.1 - Medium/Long Term Period - (Time Frame: 1 H) COTTON CTZ17 - Dec '17 68.450 FLAT since 12/09/17 to 70.321 LONG Above 69.328 Stop LONG se close daily <69.78 SHORT Under 67.504 Stop SHORT if close daily> 67.05
FOREXCOM:COTTON
by XiNiaN
Cotton - Cushioned Fall Cotton has been falling for the past few months. Signs of consolidation and lost of steam has begun. Before we go into the charts, a brief summary of what we see empirically - Prices tend to bottom out around August. Immediate low presents a strong support due to historical hits and fib hits. RSI and MACD has indicated buy signals. Confirmation upon; 1. Positive engulfing, breaking up from the consolidation (0.695). Trade details SL: yellow region below current price indicates strong resistance; Partial profit: short term at boarder of green rectangle. Fib retracement levels coinciding with previous lows Duration: 3 months at least Best Trades^^
FOREXCOM:COTTONLong
by clingwrappingsheets