Cotton us double bottom formation on monthly time frame in commodity near 70 level if holds on monthly closing bases can see good buying momentum upto 100 level & above in next 6 -8 month .
Contract highlights
Cotton Should Soon Bottom Out ON ICEPlease read my comments on Chart. Keep an eye on ICE Cotton for Buying Opportunities in Next 2-4 Weeks Time
Cotton Ready For 135-140 ?Cotton may be ready for 135-140 on a retest of 95-97 region. Comments On Chart
Cotton. Bottom is still not Visible.Explaination on Chart. Strong Commercial Long Buildup. But Bottom is still not Visible.
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Frequently Asked Questions
The nearest expiration date for Cotton No. 2 Futures is May 8, 2024.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell Cotton No. 2 Futures before May 8, 2024.