Future Trend Analysis Report
Prepared for you on Tuesday, April 7, 2020.
COTTON #2 DECEMBER 2020 (ICE:@CT.Z20)
Long-Term Downtrend (-90) - @CT.Z20 is in a strong downtrend that is likely to continue. While @CT.Z20 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.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 DOWN since Feb 26th, 2020 at 66.29
The intermediate-term trend has been DOWN since Jan 27th, 2020 at 70.34
The short-term trend has been DOWN since Mar 10th, 2020 at 63.63
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||2018||52wk Low||70.85|
|52wk Low Date||2019-01-03||Volatility||10.25|