Spread Trend Analysis Report
Prepared for you on Thursday, July 2, 2020.
COTTON MAY 21/JUL 21 (NYMEX:QTT.K21-QTT.N21)
Long-Term Downtrend (-90) - QTT.K21-QTT.N21 is in a strong downtrend that is likely to continue. While QTT.K21-QTT.N21 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 QTT.K21-QTT.N21?
MarketClub looks at technical strength and momentum to determine if the timing is right for QTT.K21-QTT.N21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for QTT.K21-QTT.N21
The long-term trend has been DOWN since at
The intermediate-term trend has been DOWN since at
The short-term trend has been DOWN since at
Smart Scan Analysis for QTT.K21-QTT.N21
Based on our trend formula, QTT.K21-QTT.N21 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).