{"id":152399,"date":"2019-07-29T12:00:06","date_gmt":"2019-07-29T16:00:06","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=152399"},"modified":"2019-07-29T09:30:49","modified_gmt":"2019-07-29T13:30:49","slug":"cotton-analysis-drought-in-india-can-reduce-cotton-harvest","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/07\/cotton-analysis-drought-in-india-can-reduce-cotton-harvest\/","title":{"rendered":"COTTON Analysis: Drought in India can reduce cotton harvest"},"content":{"rendered":"<div id=\"inves-1676897407\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">July 29, 2019<\/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 noreferrer\">IFCMarkets<\/a><\/strong><\/p>\n<p><strong>Drought in India can reduce cotton harvest<\/strong><\/p>\n<blockquote><p>The Cotton Association of India lowered its cotton production forecast for India in the agricultural season 2018\/19 by 10.3%. Will the <a href=\"https:\/\/www.ifcmarkets.com\/en\/trading-conditions\/commodities\/cotton\">Cotton quotations<\/a> continue growing?<\/p><\/blockquote>\n<p>In the last review of the Cotton Association of India, a cotton harvest of 31.2 million kip is predicted for June (approximately 218 kg in a bale). Whereas in its October review it was expected to produce 34.8 million bales. The reduction in cotton crop forecasts is caused by a severe drought in India. According to the India Meteorological Department, in the state of Gujarat &#8211; the main cotton producer in the country, the amount of precipitation is 47% lower than last year\u2019s level. In general, in India, since the beginning of the monsoon season on June 1, precipitation is 19% less than last year. Another positive factor for quotes was the increase in exports of American cotton per week. This was reported by U.S. Agriculture Department. On July 30, in Shanghai, US Treasury Secretary Steven Mnuchin and sales representative Robert Lighthizer will hold talks with Chinese Vice Premier Liu He about lifting a number of trade restrictions and canceling duties. In particular, China\u2019s purchases of American cotton may be increased.<\/p>\n<p style=\"text-align: center; margin-bottom: 20px; margin-top: 20px;\"><img decoding=\"async\" style=\"float: none;\" src=\"https:\/\/www.ifcmarkets.com\/uploads\/images\/26-07-2019.png\" alt=\"Cotton\" width=\"660px\" \/><\/p>\n<p class=\"emailSummary\">On the daily timeframe<b>Cotton: D1<\/b> to trying to break the downtrend upward. Various technical analysis indicators formed signals for improvement. Further growth of quotations is possible in case of an increase in global demand and deterioration of the weather in India.<\/p>\n<ul class=\"ul-tick\">\n<li>The <b>Parabolic indicator<\/b> shows a signal to increase.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/bolinger-bands\">Bolinger bands<\/a> expanded, indicating a volatility increase . Both lines of Bollinger have a slope up.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/rsi\">RSI indicator<\/a> is above the 50 mark. It has formed a divergence to increase.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/macd\">MACD indicator<\/a> gives a bullish signal.<\/li>\n<\/ul>\n<p>The bullish momentum may develop if <b>Cotton<\/b> exceeds its last maximum: 65. This level can be used as an entry point. The initial stop lose may be placed below the last lower fractal, the Parabolic signal and a 3-year low: 61.7. After opening the pending order, stop shall be moved following the signals of Bollinger and Parabolic to the next fractal minimum. 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 a stop loss moving it in the direction of the trade. If the price meets the stop level (61,7) without reaching the order (65), we recommend to cancel the order: the market sustains internal changes that were not taken into account.<\/p>\n<h2 class=\"emailSummary\" style=\"margin-top: 15px !important;\">Technical Analysis Summary<\/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 65<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Stop loss<\/b><\/td>\n<td align=\"left\" valign=\"top\">Below 61,7<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Market Analysis provided by <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">IFCMarkets<\/a><\/p><div id=\"inves-1444237182\" 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 Drought in India can reduce cotton harvest The Cotton Association of India lowered its cotton production forecast for India in the agricultural season 2018\/19 by 10.3%. Will the Cotton quotations continue growing? In the last review of the Cotton Association of India, a cotton harvest of 31.2 million kip is predicted for June [&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-152399","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/152399","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=152399"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/152399\/revisions"}],"predecessor-version":[{"id":152420,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/152399\/revisions\/152420"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=152399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=152399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=152399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}