Future Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
COTTON #2 MARCH 2024 (ICE:@CT.H24)
Long-Term Downtrend (-90) - @CT.H24 is in a strong downtrend that is likely to continue. While @CT.H24 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid @CT.H24?
MarketClub looks at technical strength and momentum to determine if the timing is right for @CT.H24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @CT.H24
The long-term trend has been DOWN since Nov 2nd, 2023 at 83.42
The intermediate-term trend has been DOWN since Oct 11th, 2023 at 86.48
The short-term trend has been DOWN since Nov 27th, 2023 at 79.70
Smart Scan Analysis for @CT.H24
Based on our trend formula, @CT.H24 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).