Future Trend Analysis Report
Prepared for you on Friday, December 1, 2023.
COTTON #2 MAY 2024 (ICE:@CT.K24)
Long-Term Downtrend (-90) - @CT.K24 is in a strong downtrend that is likely to continue. While @CT.K24 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.K24?
MarketClub looks at technical strength and momentum to determine if the timing is right for @CT.K24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @CT.K24
The long-term trend has been DOWN since Nov 1st, 2023 at 83.55
The intermediate-term trend has been DOWN since Oct 12th, 2023 at 87.29
The short-term trend has been DOWN since Nov 27th, 2023 at 80.51
Smart Scan Analysis for @CT.K24
Based on our trend formula, @CT.K24 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).