Upcoming Weekly Forecast For Week Of November 23 - 27, 2020

• Uptrend scenario: The uptrend may be expected to continue if the market trades above support level 72, which would be followed by reaching resistance level 75.40.
• Downtrend scenario: A downtrend may start as soon as the market drops below support level 72, which would be followed by moving down to support level 68.

Previous Week's Cotton Price Forecast Chart

Fundamental Analysis

The difference between supply and demand is illustrated by the price on the 64-66 levels.

Long-Term Forecast (Quarter III: July - September, 2020)

Uptrend scenario: The uptrend may be expected to continue if the market rises above resistance level 72.45, which would be followed by reaching resistance level 78.50.
Downtrend scenario: A downtrend may start as soon as the market drops below support level 67, which would be followed by moving down to support level 57.