Edition 15 | #Cotton

COTTON (CT)
– Investment Strategy LONG
– Bear spread CTK19-CTN19

There is a possible oversold mood in the Cotton market. Around price 78 is repeatedly created a quite obvious S/R zone and I see a potential to price 85. I built a calendar bull spread CTK19-CTN19. A possible entry is at the price -1,20 with SL -1,40 ($100/contract) and PT -0,50 ($350/contract). 


Historical


Historical chart on TradingView.com


CTK19-CTN19 – Bull spread


Spread chart on TradingView.com


COT analysis


COT analysis on SpreadCharts.com


Seasonality


Seasonality on SpreadCharts.com


Seasonality averages


Seasonality averages on SpreadCharts.com


Trade management
Enter:    -1,20

SL:         -1,40 ($100/contract) 
PT:         -0,50 ($350/contract)

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