December cotton (CTZ26) futures present a selling opportunity on more price weakness.
See on the daily bar chart for December cotton futures that prices are trending down and have just hit a four-week low. See, too, at the bottom of the chart that the moving average convergence divergence (MACD) indicator is in a bearish posture as the blue MACD line is below the red trigger line and both lines are trending down. The bears have the near-term technical advantage as the trend is now their friend.
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See on the daily bar chart for December cotton futures that prices are trending down and have just hit a four-week low. See, too, at the bottom of the chart that the moving average convergence divergence (MACD) indicator is in a bearish posture as the blue MACD line is below the red trigger line and both lines are trending down. The bears have the near-term technical advantage as the trend is now their friend.
Coffee Prices Retreat on Ideal Growing Weather in Brazil and Vietnam
Cocoa Prices Fall on Signs of Adequate Supplies
Signs of Adequate Supplies Weigh on Cocoa Prices
#prices #macd #supplies
13 hours ago
