Cotton (CT.FUT) - Close: 57.30 (-0.46), Jan 23, 2015

Chart Technical Analysis Cotton (CT)

 Negative Candidate -Medium term, Jan 23, 2015Analysis Explanation
Cotton is within a falling trend. Continued negative development within the trend channel is indicated. The future has resistance at 62.00. The volume balance is negative and weakens the future in the short term. RSI is oversold. The future can still fall further, and we should see an increasing RSI before this is used as a positive signal. The RSI curve shows a falling trend, which supports the negative trend. The future is overall assessed as technically negative for the medium long term.

1 day-1.01%1.17-0.80%
5 days-78.223.52%0.95-3.68%
22 days-41.839.83%0.79-5.90%
66 days-32.4821.36%0.77-9.05%
Trend -35%53.28 - 60.27
Short Term Trading Range2015-01-14
Long Term Trading Range2014-11-12
Moving average2014-06-10
Double Top Pattern2014-05-22

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