Cotton´s correction over ? Continuation of downtrend

Penjualan

Cotton No. 2 Futures (ICEUS:CT1!)

Diupdate

ICEUS:CT1! Cotton No. 2 Futures

Trend Analysis

trendanalysis

Seems like break out of falling wedge, almost identical move like in December 2018. My target is on POC, 68 dollars.

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The reaction from the wedge was nice, however the buying volume is quite strong right now and also COT report becoming very bullish - so I think it´s possible, that we will broke that strong trendline and downtrend may be over.

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