Cotton Short. The current cotton contract has reached the resistance line, which consists of highs from January this year and average values from September 2017. However, due to problems in growing areas and higher consumption in the global production of drapes, cotton may move further upwards. For this reason, this is a short-term analysis to be reflected. In case of more than three days breakthrough, the analysis will be cancelled at the current market price.
Graph and table source: WebTrader