Future Trend Analysis Report
Prepared for you on Friday, November 27, 2020.
COTTON #2 DECEMBER 2020 (ICE:@CT.Z20)
Long-Term Uptrend (+90) - @CT.Z20 is in a strong uptrend that is likely to continue. While @CT.Z20 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid @CT.Z20?
MarketClub looks at technical strength and momentum to determine if the timing is right for @CT.Z20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @CT.Z20
The long-term trend has been UP since Jul 1st, 2020 at 61.14
The intermediate-term trend has been UP since Apr 20th, 2020 at 56.06
The short-term trend has been UP since Nov 16th, 2020 at 68.77
Smart Scan Analysis for @CT.Z20
Based on our trend formula, @CT.Z20 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||77.5||52wk High Date||2018-07-19|
|52wk Low||50.18||52wk Low Date||2020-04-02|