🧵✨ Cotton Futures (CTH2026) — Market Snapshot
📉 Trend: Range Bound
💵 China’s cotton output rose.
🌍 Short covering, a weaker dollar and rising oil prices gives some support.
📊 Technical Indicator: 🔁 Fibonacci Retracement
🐦 The moving averages (MA20 ≈ ~63.75¢, MA50 ≈ ~64.2¢) act as near-term resistance. Breaking below the 20-day MA head towards previous support (~62.74¢).
💰 Support: 🟢 62.09 USD/lb
🎯 Caution: Cash trades at 61.76 vs. March futures at 64.01, leaving a 2-cent gap.
💵 Resistance Zone: 🔴 65.75 – 66.00 USD/lb (Short term 64.52 USD/lb)
📉 A potential profit-taking area or range-top resistance for short-term traders.
📊 Open Interest: 📄 177.41K contracts
🪙 Indicates active participation, with both speculators and hedgers positioning amid market weakness.
🧶 Future Type: 🌾 Cotton (CTH2026)
📍 Traded on the Intercontinental Exchange (ICE US) — the global benchmark for cotton pricing.
It’s a caution that the information provided is for knowledge purposes only and should not be taken as a recommendation to buy or sell assets.
The Agri-Crop editorial team comprises commodity market analysts, rice trade specialists, and agriculture industry professionals based in Pakistan. We track daily price movements, export data, and policy developments across Pakistan’s key agricultural sectors.
