Cotton Weekly Forecast

This/Next Week Forecast (April 12 – 16, 2021)

Uptrend scenario

An uptrend will start as soon, as the market rises above resistance level 82.70, which will be followed by moving up to resistance level 85 and 88.40.

Downtrend scenario

An downtrend will start as soon, as the market drops below support level 81.33, which will be followed by moving down to support level 76.97 and if it keeps on moving down below that level, we may expect the market to reach support level 71.80.

Chart Cotton This/Next Week Forecast, Technical Analysis

previous week forecast

Chart Cotton This/Next Week Forecast, Technical Analysis

Fundamental Analysis

Difference between supply and demand showing fair price on the level 78.

Cotton futures market Ending Stocks/inventory World with US

Monthly forecast, April 2021

Uptrend scenario

An uptrend will start as soon, as the market rises above resistance level 94, which will be followed by moving up to resistance level 105.

Downtrend scenario

The downtrend may be expected to continue, while market is trading below resistance level 94, which will be followed by reaching support level 78.5 and if it keeps on moving down below that level, we may expect the market to reach support level 67.

Chart Cotton This/Next Week Forecast, Technical Analysis

previous month forecast