{"id":135537,"date":"2018-10-15T10:50:48","date_gmt":"2018-10-15T14:50:48","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=135537"},"modified":"2018-10-15T09:37:11","modified_gmt":"2018-10-15T13:37:11","slug":"cotton-technical-analysis-the-hurricane-can-damage-crops","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/10\/cotton-technical-analysis-the-hurricane-can-damage-crops\/","title":{"rendered":"COTTON Technical Analysis &#8211; The hurricane can damage crops"},"content":{"rendered":"<div id=\"inves-914601473\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">October 15, 2018<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><strong>By <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener\">IFCMarkets<\/a><\/strong><\/p>\n<p><strong>The hurricane can damage crops<\/strong><\/p>\n<blockquote><p>The hurricane Michael can damage US crops. Will the <a href=\"https:\/\/www.ifcmarkets.com\/en\/trading-conditions\/commodities\/cotton\">cotton price\u00a0<\/a>continue rising?<\/p><\/blockquote>\n<p>The U.S. Department of Agriculture (USDA) in its weekly report showed that export sales were up on 208,400 running bales. The U.S. National Hurricane Center (NHC) said that hurricane Michael was a Category 4 storm on the five-step Saffir-Simpson hurricane scale. The Michael will could be a one of the most powerful hurricanes in U.S. history.<\/p>\n<p style=\"text-align: center; margin-bottom: 20px; margin-top: 20px;\"><img decoding=\"async\" style=\"float: none;\" src=\"https:\/\/ifccd.net\/uploads\/image\/12-10-2018.png\" alt=\"COTTON\" width=\"660px\" \/><\/p>\n<p class=\"emailSummary\">On the daily timeframe,<b>Cotton: D1<\/b> broke up the resistance line of the falling trend. The further price growth is possible in case of worsening weather conditions and reduction of a world harvest.<\/p>\n<ul class=\"emailSummary\">\n<li><b>The Parabolic indicator<\/b> gives a bullish signal.<\/li>\n<li><a href=\"https:\/\/www.ifcmarkets.com\/en\/bolinger-bands\">The Bollinger bands<\/a> have narrowed, which indicates low volatility. The lower band is titled upward.<\/li>\n<li><a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/rsi\">The RSI indicator<\/a> is above 50. It has formed a positive divergence.<\/li>\n<li><a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/macd\">The MACD indicator<\/a> gives a bullish signal.<\/li>\n<\/ul>\n<p>The bullish momentum may develop in case Cotton exceeds the last fractal highs: 80. This level may serve as an entry point. The initial stop loss may be placed below the 2 last fractal lows, the low since December 2017 and the Parabolic signal at 76. After opening the pending order, we shall move the stop to the next fractal low following the Bollinger and Parabolic signals. Thus, we are changing the potential profit\/loss to the breakeven point. More risk-averse traders may switch to the 4-hour chart after the trade and place there a stop loss moving it in the direction of the trade. If the price meets the stop level (76) without reaching the order (80), we recommend to close the position: the market sustains internal changes that were not taken into account.<\/p>\n<h2 class=\"emailSummary\" style=\"margin-top: 15px !important;\">Summary of technical analysis<\/h2>\n<table style=\"border: solid 1px black;\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Position<\/b><\/td>\n<td align=\"left\" valign=\"top\">Buy<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Buy stop<\/b><\/td>\n<td align=\"left\" valign=\"top\">Above 80<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Stop loss<\/b><\/td>\n<td align=\"left\" valign=\"top\">Below 76<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Market Analysis provided by <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener\">IFCMarkets<\/a><\/p><div id=\"inves-696136945\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n","protected":false},"excerpt":{"rendered":"<p>By IFCMarkets The hurricane can damage crops The hurricane Michael can damage US crops. Will the cotton price\u00a0continue rising? The U.S. Department of Agriculture (USDA) in its weekly report showed that export sales were up on 208,400 running bales. The U.S. National Hurricane Center (NHC) said that hurricane Michael was a Category 4 storm on [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-135537","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/135537","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=135537"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/135537\/revisions"}],"predecessor-version":[{"id":135541,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/135537\/revisions\/135541"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=135537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=135537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=135537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}