Cotton Need To Find BALANCE Position
Cotton was very volatile recently due to the effect of many factors (Dollar Index, Crop condition, Demand from Down Stream).
In general, Cotton need to find a balance points before any new update in the market.
If you are spinner, it is better to wait the Cotton find a new consolidation / balance period.
It can be 92 - 95 or lower. We can not be sure about this. But at least, for spinning, this is not a good time for Buying.
In general, Cotton need to find a balance points before any new update in the market.
If you are spinner, it is better to wait the Cotton find a new consolidation / balance period.
It can be 92 - 95 or lower. We can not be sure about this. But at least, for spinning, this is not a good time for Buying.
註釋
Cotton are in the "Confluence Zone" for a Down Trend.Such as: RSI weak, MACD Negative Divergence, Strong Red Bars, MA25 broken.
The possibility of DOWN trend to lower level are very high.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。