Cotton No. 2 FuturesAtualizado Cotton Need To Find BALANCE Position
Cotton was very volatile recently due to the effect of many factors (Dollar Index, Crop condition, Demand from Down Stream).
In general, Cotton need to find a balance points before any new update in the market.
If you are spinner, it is better to wait the Cotton find a new consolidation / balance period.
It can be 92 - 95 or lower. We can not be sure about this. But at least, for spinning, this is not a good time for Buying.
In general, Cotton need to find a balance points before any new update in the market.
If you are spinner, it is better to wait the Cotton find a new consolidation / balance period.
It can be 92 - 95 or lower. We can not be sure about this. But at least, for spinning, this is not a good time for Buying.
Nota
Cotton are in the "Confluence Zone" for a Down Trend.Such as: RSI weak, MACD Negative Divergence, Strong Red Bars, MA25 broken.
The possibility of DOWN trend to lower level are very high.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.