ICE: CT COTTON #2 Futures Prices Long Term Forecast, SELL(Short) - Commodity Trading Today
From a long-term perspective, cotton prices are likely to fall very much.
I do not know why the cotton market is weak, but the cotton price chart says so.
If the cotton price drops, it is likely to fluctuate significantly at around 60.37 level. Perhaps, it seems likely to fall below $ 35.
COTTON #2 Futures Price Forecast and Trading (ICE:CT):
Long Term SELL(Short)
Eentry Price 78.66
1st Target Price 60.37 (+18.29pt, +23.25%)
2nd Target Price 34.81 (+43.85pt, +55.75%)
Stoploss Price 82.29 (-3.63pt, -4.61%)
[Cotton price monthly chart, ICE: CT]
I do not know why the cotton market is weak, but the cotton price chart says so.
If the cotton price drops, it is likely to fluctuate significantly at around 60.37 level. Perhaps, it seems likely to fall below $ 35.
COTTON #2 Futures Price Forecast and Trading (ICE:CT):
Long Term SELL(Short)
Eentry Price 78.66
1st Target Price 60.37 (+18.29pt, +23.25%)
2nd Target Price 34.81 (+43.85pt, +55.75%)
Stoploss Price 82.29 (-3.63pt, -4.61%)
[Cotton price monthly chart, ICE: CT]