Cotton Weekly Forecast

This/Next Week Forecast (January 25 – 29, 2021)

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 81.80, which will be followed by moving up to resistance level 85.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 81.80, which will be followed by reaching support level 78.5 and if it keeps on moving down below that level, we may expect the market to reach 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 78.

Cotton futures market Ending Stocks/inventory World with US

Monthly forecast, January 2021

Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 78.50, which will be followed by reaching resistance level 85.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 71.80 , which will be followed by moving down to support level 67.00 and if it keeps on moving down below that level, we may expect the market to reach support level 57.10.

Chart Cotton This/Next Week Forecast, Technical Analysis

previous month forecast

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