MCX COTTON CANDY - TRADE IDEA ON LONG SIDESymbol - COTTONCNDY1!
COTTONCNDY1! is currently trading at 55800
I'm seeing a trading opportunity on buy side.
Buying COTTONCNDY1! Futures at CMP 55800
I will add more quantity at 55000, If comes. Holding with SL 54200
Targets I'm expecting are 57150 - 58200 & 59200
Disclaimer - Do not con
Contract highlights
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Summarizing what the indicators are suggesting.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
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Frequently Asked Questions
The current price of Cotton No. 2 Futures is 70.18 USX / LBR — it has risen 0.09% in the past 24 hours. Watch Cotton No. 2 Futures price in more detail on the chart.
Track more important stats on the Cotton No. 2 Futures chart.
The nearest expiration date for Cotton No. 2 Futures is May 6, 2027.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell Cotton No. 2 Futures before May 6, 2027.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For Cotton No. 2 Futures this number is 7.00. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for Cotton No. 2 Futures shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for Cotton No. 2 Futures. Today its technical rating is buy, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of Cotton No. 2 Futures technicals for a more comprehensive analysis.