Kapas Analisis teknis | Kapas Jual beli: 2020-04-07 | IFCM Indonesia
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Kapas Analisis teknis - Kapas Jual beli: 2020-04-07

Cotton Technical Analysis Summary

Accelerometer arrow
Kuat JualSellNeutralBuyKuat Beli

Atas 53.5

Buy Stop

Bawah 47.5

Stop Loss

Mary Wild
Senior Analytical Expert
Artikel 2058
IndicatorSignal
RSI Buy
MACD Neutral
MA(200) Neutral
Fractals Neutral
Parabolic SAR Buy
Bollinger Bands Neutral

Cotton Chart Analysis

Cotton Chart Analysis

Cotton Analisis Teknis

On the daily timeframe, Cotton: D1 broke above the support line for the short-term downtrend. Now it is correcting upwards from the minimum since 2009. A number of indicators of technical analysis formed signals for the further increase. We do not exclude a bullish movement if Cotton rises above its last maximum: 53.5. This level can be used as an entry point. Stop loss is possible below the Parabolic signal, the last lower fractal and the 11-year low: 47.5. After opening the pending order, the we move the stop loss after the signals of Bollinger and Parabolic to the next fractal minimum. Thus, we change the potential profit / loss ratio in our favor. After the transaction, the most risk-averse traders can switch to a four-hour chart and set a stop loss, moving it in the direction of movement. If the price overcomes the stop level (47.5) without activating the order (53.5), it is recommended to delete the order: some internal changes in the market have not been taken into account.

Fundamental Analysis Komoditas - Cotton

The USDA predicts a decrease in cotton yields in India. Will Cotton quotes rise?

The United States Department of Agriculture (USDA) expects cotton yields in the 2020/21 season to be 28.78 million bales (480 pounds each). This is 2% less than in the previous season. The decrease is due to the reduction in agricultural land allotted for cotton in India. Note that Indian farmers mention a shortage of labor in agriculture due to quarantine announced by the government amidst the coronavirus pandemic. This may become an additional reason of India’s yields reduction. This country is the 2nd cotton producer in the world after China.

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