Future Trend Analysis Report
Prepared for you on Friday, December 1, 2023.
COTTON #2 JULY 2024 (ICE:@CT.N24)
Strong Downtrend (-100) - @CT.N24 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, @CT.N24 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid @CT.N24?
MarketClub looks at technical strength and momentum to determine if the timing is right for @CT.N24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @CT.N24
The long-term trend has been DOWN since Nov 2nd, 2023 at 83.34
The intermediate-term trend has been DOWN since Oct 18th, 2023 at 87.08
The short-term trend has been DOWN since Nov 27th, 2023 at 81.11
Smart Scan Analysis for @CT.N24
Based on our trend formula, @CT.N24 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).