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Cotton (CT) Tiring Near Key .7 Level, 2020 High

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Cotton (CT) is forming its 3rd straight red daily candle and appears likely to extend its correction next week as it nears upchannel support (on the daily chart). Significantly, CT has tagged its 2020 high and now appears ready to decisively slide back below the psychologically key .7 whole figure level. A daily close below upchannel resistance (on the daily chart) will dramatically increase the likelihood of a test of upchannel support (on the weekly chart) in the week or so after. Congratulations to readers who profited from theincreasing bullish momentum highlighted Aug 21st. Except for the weekly MACD which still slopes up, the weekly and daily RSI, Stochastics and MACD are tiring or steadily sloping down. I am looking at entering long in the green zone (of the daily chart), targeting the red zone for Thursday. The amber/yellow zone is where I might place a stop if I was a swing trader (although in my personal account with which I seldom hold overnight I sometimes set my stops tighter).

Cotton (CT) Weekly/Daily/4hr

CT (Cotton) Technical Analysis

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Bitcoin (BTCUSD) Nears Upper End of 2 Month Consolidation As Election Nears

Bitcoin (BTCUSD) is nearing its 2020 high ahead of the highly anticipated US election Nov 3, with increasing expectation for a contested resultalong with rising institutional adoptiondriving inflows into BTCUSD, offsetting recent pressure from concerns over security/regulatory risks at centralized crypto exchanges like Kucoin, Bitmex and OKEX. Get thelatest Bitcoin biweekly commentary(published Oct 20)withICE Futures Singapore.

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Crypto Weekly Outlook

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About the author

Before the launch of Tradable Patterns , Darren Chu, CFA, served as IntercontinentalExchange | NYSE Liffe's country manager for Australia, India, and the UAE between July 2010 and January 2014, expanding his role to look after Liffe business development in APAC ex-Japan/Korea until his departure mid April 2014.  His primary remit was developing relationships with Liffe clients, prospects and partners in the buyside (traditional and alternative asset managers), proprietary trading (high frequency algo as well as manual, point and click traders), bank, broker (institutional and retail), commodity trader and ISV community.  Key futures and options promoted included European/London rate benchmarks such as the Euribor, Short Sterling, Gilts, London/European index futures including the FTSE and CAC, London soft commodities (Robusta Coffee, Cocoa, White Sugar), Paris (MATIF) markets (Milling Wheat, Rapeseed), and NYSE Liffe US markets with the MSCI EM, MSCI EAFE, gold/silver, Eurodollar, US Treasury and GCF Repo futures being the focus.


Previously, Darren was with the TMX Group | Montreal Exchange for 4 years, marketing Canadian futures and options across North America, London, Singapore and Hong Kong.  Darren also launched and managed CMC Markets Canada's Chinese marketing and sales team, along with educational offering.  On the academic trail, Darren has been a frequent guest speaker at Canadian universities as well as an author of content for 3 derivatives courses offered by Canadian Securities Institute and mandatory for licensing of Canadian derivatives industry professionals.


Darren can be reached at +65 8118 8840 or via email at




contributing author since 11/21/2017 

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