Cotton Weekly Forecast

This/Next Week Forecast (March 1 – 5, 2021)

Uptrend scenario

An uptrend will start as soon, as the market rises above resistance level 90.75, which will be followed by moving up to resistance level 94.

Downtrend scenario

The downtrend may be expected to continue, while market is trading below resistance level 90.75, which will be followed by reaching support level 85 and if it keeps on moving down below that level, we may expect the market to reach support level 78.5.

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, March 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