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 .
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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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COTTONCNDYN2024
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Frequently Asked Questions
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For COTTONCNDY Futures this number is 362.00. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for COTTONCNDY Futures shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for COTTONCNDY Futures. Today its technical rating is buy, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of COTTONCNDY Futures technicals for a more comprehensive analysis.