Future Trend Analysis Report
Prepared for you on Tuesday, May 11, 2021.
COTTON #2 MAY 2021 (ICE:@CT.K21)
Countertrend Up (+85) - @CT.K21 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid @CT.K21?
MarketClub looks at technical strength and momentum to determine if the timing is right for @CT.K21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @CT.K21
The long-term trend has been UP since Jul 1st, 2020 at 61.85
The intermediate-term trend has been UP since Apr 15th, 2021 at 85.16
The short-term trend has been DOWN since Apr 29th, 2021 at 87.39
Smart Scan Analysis for @CT.K21
Based on our trend formula, @CT.K21 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||95.6||52wk High Date||2021-02-25|
|52wk Low||53||52wk Low Date||2020-04-01|