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15.9. 15:25_Signal UPDATE Cotton Long from 10.9. 14:54_TAKE PROFIT

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

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