SIGNAL TERMINATION – COTTON LONG – TAKE PROFIT
Cotton briefly reached the resistance line. Due to the fact that two signals to the price rise are currently active, one analysts are closing (September 10, 2020), with a profit of over 15%. The second analysis is still active.
ORIGINAL TEXT: Cotton Long. Cotton has emerged from a two-year downward trend. The main reason is not so much Covid-19, but a significant reduction in growing areas in India and Brazil. Weather problems in China, which usually accounts for 40% of global commodity production, also play a role in further growth.
Chart source: WebTrader