Weekly Analysis: Softs
Cotton December 2019: The contract closed at 63.88, up 2.21 for the week. Dec cotton extended its secondary (intermediate term) uptrend last week to a new 4-week high of 64.00. [...]
Cotton December 2019: The contract closed at 63.88, up 2.21 for the week. Dec cotton extended its secondary (intermediate term) uptrend last week to a new 4-week high of 64.00. [...]
Cotton December 2019: The contract closed at 61.67, up 0.77 for the week. Dec cotton still looks to be in Wave 3 of its secondary (intermediate term) 5-wave uptrend, though [...]
Cotton December 2019: The contract closed at 60.90, up 0.38 for the week. Wave 2 of Dec cotton’s 5-wave secondary (intermediate-term) downtrend looks to have come to an end last [...]
Cotton December 2019: The contract closed at 60.52, down 1.76 for the week. Despite its lower weekly close, Dec cotton remains in a secondary (intermediate-term) uptrend. However, its minor (short-term) [...]
Cotton December 2019: The contract closed at 62.28, up 3.70 for the week. As discussed last week in this space, Dec cotton bolted to a new secondary (intermediate-term) uptrend as [...]
Cotton December 2019 (new-crop): The contract closed at 58.58, down 0.25 for the week. Dec cotton consolidated last week, holding between its 4-week high of 60.25 and 4-week low (also [...]
Cotton December 2019 (new-crop): The contract closed at 58.83, up 0.62 for the week. After falling to a new low for this move, Dec cotton was able to rally to [...]
Cotton December 2019 (new-crop): The contract closed at 58.21, down 1.92 for the week. Dec cotton is consolidating above its recently established contract low of 57.26. However, the contract was [...]
Cotton December 2019 (new-crop): The contract closed at 60.13, up 1.23 for the week. It could still be argued that new-crop cotton is in a secondary (intermediate-term) uptrend based on [...]
Cotton December 2019 (new-crop): The contract closed at 58.90, down 0.52 for the week. Though it was not able to close higher for the week, it could still be argued [...]
Cotton December 2019 (new-crop): The contract closed at 59.42, down 5.12 for the week. Dec cotton collapsed to a new contract low of 59.37 last week, marking the lowest price [...]
Cotton December 2019 (new-crop): The contract closed at 64.54, up 1.47 for the week. Dec cotton followed up the previous week’s bullish technical signals with a higher close near the [...]
Cotton December 2019 (new-crop): The contract closed at 63.07, up 0.39 for the week. The argument could be made that new-crop cotton posted a bullish spike reversal last week, falling [...]
Cotton December 2019 (new-crop): The contract closed at 62.68, down 4.14 for the week. New-crop December collapsed last week following the previous week’s bullish move to a new 4-week high. [...]
Cotton December 2019 (new-crop): The contract closed at 66.82, up 0.74 for the week. New-crop December posted a new 4-week high of 68.35 last week, confirming a move to a [...]
Cotton December 2019 (new-crop): The contract closed at 66.08, up 0.52 for the week. New-crop December continues to consolidate above its recent low of 64.70. Also, weekly stochastics remain below [...]
Cotton July 2019 (old-crop): The contract closed at 61.19, down 4.75 for the week. July cotton extended the major (long-term) downtrend on the market’s continuous monthly chart to the lowest [...]
Cotton July 2019 (old-crop): The contract closed at 65.94, up 035 for the week. July cotton remains in a secondary (intermediate-term) 5-wave uptrend, with last week’s low of 64.85 holding [...]
Cotton July 2019 (old-crop): The contract closed at 65.59, down 2.49 for the week. Despite another lower weekly close it could still be argued that old-crop cotton remains in a [...]
Cotton July 2019 (old-crop): The contract closed at 68.08, down 0.31 for the week. Despite the lower weekly close it could still be argued that old-crop cotton remains in a [...]
Cotton July 2019 (old-crop): The contract closed at 68.39, up 2.40 for the week. Old-crop cotton looks to have stabilized as it held above the previous week’s low of 64.50 [...]
Cotton July 2019 (old-crop): The contract closed at 65.99, down 2.46 for the week. Old-crop cotton extended its secondary (intermediate-term) downtrend to a new low of $64.50 last week, before [...]
Cotton July 2019 (old-crop): The contract closed at 68.45, down 7.23 for the week. Old-crop cotton collapsed last week, moving below major (long-term) support on the market’s continuous monthly chart [...]
Cotton July 2019 (old-crop): The contract closed at 75.68, down 2.02 for the week. The contract remains in a minor (short-term) downtrend on its daily chart with secondary (intermediate-term) support [...]
Cotton July 2019 (old-crop): The contract closed at 77.70, down 0.57 for the week. The contract consolidated within the previous week’s trading range last week before closing lower. Despite the [...]