Cotton Weekly Forecast

This/Next Week Forecast (December 21 – 25, 2020)

Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 75.45, which will be followed by reaching resistance level 78.50.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 75.45, which will be followed by moving down to support level 71.

Chart Cotton This/Next Week Forecast, Technical Analysis

previous week forecast
Chart Cotton This/Next Week Forecast, Technical Analysis

Fundamental Analysis

Difference between supply and demand showing fair price on the level 64 – 66.

Cotton futures market Ending Stocks/inventory World with US

Monthly forecast, December 2020

Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 71, which will be followed by reaching resistance level 78.50.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 71, which will be followed by moving down to support level 67 and if it keeps on moving down below that level, we may expect the market to reach support level 57.

Chart Cotton This/Next Week Forecast, Technical Analysis

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