Cotton Weekly Forecast

This/Next Week Forecast (February 8 – 12, 2021)

Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 85, which will be followed by reaching resistance level 89.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 82.35, which will be followed by moving down to support level 78.5.

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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