Cotton Weekly Forecast

This/Next Week Forecast (November  23 – 27, 2020)

Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 72, which will be followed by reaching resistance level 75.40.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 72, which will be followed by moving down to support level 68.

Chart Cotton This/Next Week Forecast, Technical Analysis

previous week cotton price forecast chart
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

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