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Cotton Weekly Forecast

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This/Next Week Forecast (November 23 – 27, 2020)

Uptrend scenario

The uptrend may be expected to continue, while market is trading above support level 72, which will be followed by reaching resistance level 75.40.

Downtrend scenario

An downtrend will start as soon, as the market drops below support level 72, which will be followed by moving down to support level 68.

Chart Cotton This/Next Week Forecast, Technical Analysis

previous week cotton price forecast chart

Chart Cotton This/Next Week Forecast, Technical Analysis

Fundamental Analysis

Difference between supply and demand showing fair price on the level 64 – 66.

Cotton futures market Ending Stocks/inventory World with US

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