Future Trend Analysis Report
Prepared for you on Friday, August 19, 2022.
COTTON #2 JULY 2023 (ICE:@CT.N23)
Sidelines Mode (-55) - @CT.N23 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid @CT.N23?
MarketClub looks at technical strength and momentum to determine if the timing is right for @CT.N23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @CT.N23
The long-term trend has been DOWN since Jun 24th, 2022 at 90.50
The intermediate-term trend has been UP since Jul 27th, 2022 at 88.40
The short-term trend has been DOWN since Aug 18th, 2022 at 103.63
Smart Scan Analysis for @CT.N23
Based on our trend formula, @CT.N23 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).