Kapas Analisis teknis | Kapas Jual beli: 2020-07-03 | IFCM Indonesia
IFC Markets - Perdagangan Mata Uang Forex

Kapas Analisis teknis - Kapas Jual beli: 2020-07-03

Cotton Technical Analysis Summary

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Kuat JualSellNeutralBuyKuat Beli

Atas 62.84

Buy Stop

Bawah 58.46

Stop Loss

Ara Zohrabian
Senior Analytical Expert
Artikel 2467
IndicatorSignal
RSI Neutral
MACD Buy
Donchian Channel Buy
MA(50) Buy
Fractals Buy
Parabolic SAR Buy

Cotton Chart Analysis

Cotton Chart Analysis

Cotton Analisis Teknis

On the daily timeframe #C-COTTON: D1 has breached above the 50-day moving average MA(50) which has leveled off. We believe the bullish momentum will continue after the price breaches above the upper Donchian boundary at 62.84. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 58.46. After placing the pending order the stop loss is to be moved every day to the next fractal low, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop-loss level (58.46) without reaching the order (62.84) we recommend cancelling the order: the market sustains internal changes which were not taken into account.

Fundamental Analysis Komoditas - Cotton

US cotton planting area was downgraded on Tuesday. Will the cotton price rebound continue?

The United States Department of Agriculture’s (USDA) June acreage report on Tuesday showed a planted area estimate of 12.2 million acres for all cotton in 2020, down 11% from last year. And traders are closely watching for weather updates as Texas, the highest cotton-producing state, continues to be hot and dry. Lower supply estimates are bullish for cotton price. On the other hand improving weather in US cotton growing states is a downside risk for cotton.

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