Weekly Analysis: December Cotton
Theoretical Positions Hedgers: Could be short-hedged most of 2022 production near 125.18 This was the close the week of May 16 when the contract completed a bearish spike reversal indicating [...]
Theoretical Positions Hedgers: Could be short-hedged most of 2022 production near 125.18 This was the close the week of May 16 when the contract completed a bearish spike reversal indicating [...]
Theoretical Positions Hedgers: Could be short-hedged most of 2022 production near 125.18 This was the close the week of May 16 when the contract completed a bearish spike reversal indicating [...]
Theoretical Positions Hedgers: Could be short-hedged most of 2022 production near 125.18 This was the close the week of May 16 when the contract completed a bearish spike reversal indicating [...]
Theoretical Positions Hedgers: Could be short-hedged most of 2022 production near 125.18 This was the close the week of May 16 when the contract completed a bearish spike reversal indicating [...]
Old-Crop 2021-2022 Secondary (Intermediate-term) Trend: Up March posted a new contract high of 129.37 last week However, the contract's short-term trend looks to be in the process of turning down [...]
New-crop December 2022 cotton posted a new contract high of 97.25 last week, extending its secondary (intermediate-term) uptrend. However, Friday's close at 96.83 was enough off the high for weekly [...]
Old-crop March cotton still looks to be in a secondary (intermediate-term) downtrend. The recent minor (short-term) uptrend looks to be Wave B (second wave) of the secondary 3-wave downtrend. While [...]
Market Type: 3 (Less Bearish) Secondary Trend: Down March cotton broke to a new 4-week low below 110.81 the week of November 29. The minor (short-term) trend has turned up, [...]
Market Type: 9 (Most Bullish) Secondary Trend: Up December extended its secondary (intermediate-term) uptrend to a new high of $1.19 overnight through early Monday morning. The most recent CFTC Commitments [...]
Market Type: 3 (Less Bearish) Trends Secondary (intermediate-term): Down Dec cotton posted a new contract high of 96.71 last week before closing at 93.10, down 1.22 for the week This [...]
Market Type: 9 (Most Bullish) Trends Secondary (intermediate-term): Up (Contra-seasonal) Dec cotton posted a new contract high of 91.00 the week of July 26 before closing 0.27 lower for the [...]
New-crop December 2021 Trend Minor: Up Dec cotton posted a new 4-day high last Friday, confirming a new minor uptrend. The upside target area is between 84.33 and 85.06. Secondary: [...]
Old-Crop Cotton (July) Secondary Trend: Down Futures Spreads: NA (May contract is in delivery) Market Type: NA (Though basis could be used as the fundamental read) Analysis: July cotton still [...]
Old-Crop Cotton (May) Weekly Close: 82.40, up 4.45 cents Trends: Secondary (Intermediate-term) = Down, Minor (Short-term) = Up May-July Futures Spread: 1.34 cents carry, Bearish Analysis: Despite higher weekly closes [...]
Old-Crop Cotton (May) Weekly Close: 80.38, down 4.30 cents Secondary Trend: Down May-July Futures Spread: 1.03 cents carry, Bearish Analysis: May cotton extended its secondary downtrend to a low of [...]
Old-Crop Cotton (May) Weekly Close: 84.68, down 2.88 cents Secondary Trend: Down Noncommercial Position (as of Tuesday, March 16): Net-long 84,949 contracts, up 2,588 contracts May-July Futures Spread: 1.04 cents [...]
Old-Crop Cotton (May) Weekly Close: 87.56, down 0.20 cent Secondary Trend: Down Noncommercial Position (as of Tuesday, March 9): 82,361 contracts net-long, down 9,214 contracts May-July Futures Spread: 1.01 cents [...]
Old-Crop Cotton Futures: May 2021 Weekly Close: 87.76, down 1.07 cents Secondary Trend: Down Noncommercial Position (as of Tuesday, March 2): 91,575 contracts net-long, down 5,453 contracts May-July Futures Spread: [...]
Old-Crop Cotton Futures: March 2021 Weekly Close: 87.27, up 4.53 cents Secondary Trend: Up Noncommercial Position (as of Tuesday, February 9): 91,704 contracts net-long, up 17,799 contracts March-May Futures Spread: [...]
Cotton (Old-Crop Futures, New-Crop Futures): Minor (short-term) Trend: Sideways Secondary (intermediate-term) Trend: Up Noncommercial Futures Position (as of 02/02/21): Net-long 73,905, a decrease of 4,321 contracts from the previous week. [...]
Cotton (Old-Crop Futures, New-Crop Futures): Minor (short-term) Trend: Sideways Secondary (intermediate-term) Trend: Up* Noncommercial Futures Position (as of 01/05/21): Net-long 79,423, a decrease of 2,481 contracts from the previous week. [...]
Cotton (Old-Crop Futures, New-Crop Futures): Secondary Trend: Up Noncommercial Futures Position (as of 01/05/21): Net-long 83,978, an increase of 2,822 contracts from the previous week. Futures Spreads: Bearish. The March-May [...]
Old-Crop Cotton Futures: March 2021 Weekly Close: 77.16, up 3.08 cents Secondary Trend: Up Noncommercial Position (as of Tuesday, Dec. 15): 81,341 contracts net-long, up 13,381 contracts March-May Futures Spread: [...]
Old-Crop Cotton Futures: March 2021 Weekly Close: 74.08, up 2.51cents Secondary Trend: Up Noncommercial Position (as of Tuesday, Dec. 8): 67,960 contracts net-long, down 2,839 contracts March-May Futures Spread: 0.81 [...]
Cotton December 2020 Weekly Close: 68.62, down 0.16. Secondary Trend: Down. Dec-March Spread: 1.94 carry = Bearish. Market Type: 1 = Most Bearish. Price Distribution: Upper 47% = Neutral. Target: [...]