Cotton (CT) Daily MACD Positively Crossing
Darren Chu, CFA of Tradable Patterns - InsideFutures.com - Thu Feb 21, 11:58PM CST

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Cotton (CT) powered more than 2.5% higher yesterday, breaking above downchannel resistance (on the 4hr chart). Significantly, CT remains within a downchannel (on the weekly chart), but appears to be gearing up to test downchannel resistance. The weekly, daily and 4hr RSI, Stochastics and MACD are bottomish, rallying or consolidating recent gains. I am looking to go long in the green zone (of the daily chart) and am targeting the red zone for Tuesday. The amber/yellow zone is where I might place a stop if I was a swing trader (although in my personal account with which I seldom hold overnight I sometimes set my stops tighter).

Cotton (CT) Weekly/Daily/4hr

CT (Cotton) Technical Analysis

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