Future Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
COTTON #2 JULY 2024 (ICE:@CT.N24)
Bull Market Weakness (+75) - @CT.N24 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on @CT.N24 as it may be in the beginning stages of a reversal.
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 UP since Dec 7th, 2023 at 83.02
The short-term trend has been UP since Dec 7th, 2023 at 81.25
Smart Scan Analysis for @CT.N24
Based on our trend formula, @CT.N24 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).