#CTZ3 - Twitter Hashtag

almost 3 years ago

There’s no denying that yesterday’s monthly close of 81.22 basis #CTZ3 was technically bearish. Today it has been to the long term uptrend which began on 31 Oct 2022, and makes the current wave down from 1 Sep 2023 equal to 38.2% of the wave down from 15 Aug 2022 at 94.98 to 69.91 on 31 Oct 2022. Looking for support here with a short lived bounce to resistance at 81.85 and in the event this gives way, 83.40 should hold. Pressure is on the producers rather than end users right now. Funds still in long liquidation mode. #sellthebounce #cotton #futures #oatt #agtrading #commoditymarkets

cot_wiz's tweet photo. There’s no denying that yesterday’s monthly close of 81.22 basis #CTZ3 was technically bearish. Today it has been to the long term uptrend which began on 31 Oct 2022, and makes the current wave down from 1 Sep 2023 equal to 38.2% of the wave down from 15 Aug 2022 at 94.98 to 69.91 on 31 Oct 2022. Looking for support here with a short lived bounce to resistance at 81.85 and in the event this gives way, 83.40 should hold. Pressure is on the producers rather than end users right now. Funds still in long liquidation mode. #sellthebounce

#cotton #futures #oatt #agtrading #commoditymarkets

0

4

0

568

Chris Robinson

@cer_hedge

almost 3 years ago

#cotton- China, China , China-- get them to open their checkbooks and push us over 90.00/cwt. This wedge is painful. #whitegold #ctz3 #christmascotton

cer_hedge's tweet photo. #cotton- China, China , China-- get them to open their checkbooks and push us over 90.00/cwt. This wedge is painful. #whitegold #ctz3 #christmascotton https://t.co/PwL4M0qFFp

1

8

1

0

1K

Chris Robinson

@cer_hedge

about 3 years ago

#cotton- going to be some cotton producers pulling down statues of #fibonacci this weekend. We failed at the 62% retrace of the 'big flush" from 95 to 70. But technicals don't matter :) #cotton #christmas #CTZ3 #fivemonthhigh 5-month high. A gift to producers.

cer_hedge's tweet photo. #cotton- going to be some cotton producers pulling down statues of #fibonacci this weekend. We failed at the 62% retrace of the 'big flush" from 95 to 70. But technicals don't matter :) #cotton #christmas #CTZ3 #fivemonthhigh 5-month high. A gift to producers. https://t.co/YJqczM9Scy

0

5

0

1K

Chris Robinson

@cer_hedge

about 3 years ago

#christmas #cotton- a sandwich inside a wedge ? The 100-day/ 200-day squeeze-- and then the wedge that wouldn't go away. Pretty technical- bull or bear. Your white gold is trapped on the charts waiting for the next break out.. #ctz3

cer_hedge's tweet photo. #christmas #cotton- a sandwich inside a wedge ? The 100-day/ 200-day squeeze-- and then the wedge that wouldn't go away. Pretty technical- bull or bear. Your white gold is trapped on the charts waiting for the next break out.. #ctz3 https://t.co/Lk4UWlWSdP

0

9

2

1

2K

Chris Robinson

@cer_hedge

about 3 years ago

If #cotton were a stray dog- it would be in those ASPCA commercials with the sad background music. This has been 5 months of pure torture for bulls and bears trying to break out of this cesspool between 85.50 and 79.50. #CTZ3 #cotton #stopthemadness

cer_hedge's tweet photo. If #cotton were a stray dog- it would be in those ASPCA commercials with the sad background music. This has been 5 months of pure torture for bulls and bears trying to break out of this cesspool between 85.50 and 79.50. #CTZ3 #cotton #stopthemadness https://t.co/9qBiVsdk45

7

24

4

0

4K

Chris Robinson

@cer_hedge

about 3 years ago

Cotton Bulls- 80 cents? You are in a battle to keep this contract- in the wedge- Probably a good idea to pretend the matrix isn't pricing off these silly lines. #cotton #CTZ3- #magiclines

cer_hedge's tweet photo. Cotton Bulls- 80 cents? You are in a battle to keep this contract- in the wedge- Probably a good idea to pretend the matrix isn't pricing off these silly lines.
#cotton #CTZ3- #magiclines https://t.co/fWuWcgAlX8

1

3

0

2K

Chris Robinson

@cer_hedge

about 3 years ago

#Cotton ? Who ordered the wedge salad? Two magic lines to ignore.#setthehedge #CTZ3

0

6

0

1

1K

Chris Robinson

@cer_hedge

about 3 years ago

#cotton #ctz3- Back in the "hurt=locker" we have been mired in for 5 months. Wait for the break out-- It's just over the horizon..Or so I've been told. :)

cer_hedge's tweet photo. #cotton #ctz3- Back in the "hurt=locker" we have been mired in for 5 months. Wait for the break out-- It's just over the horizon..Or so I've been told. :) https://t.co/a0YNfUt2Bb

0

7

2

0

2K

Chris Robinson

@cer_hedge

about 3 years ago

#cotton: #CTZ3- That old break from 95 to 70- haunts the market. Once again- the 50% was tested and hit back. Mired in a 5 month- 6/cwt trading range. I talked about this with @PaulYeager on Friday's Market to Market. #Cotton can't buy a break out to the upside it seems..

cer_hedge's tweet photo. #cotton: #CTZ3- That old break from 95 to 70- haunts the market. Once again- the 50% was tested and hit back. Mired in a 5 month- 6/cwt trading range. I talked about this with @PaulYeager on Friday's Market to Market. #Cotton can't buy a break out to the upside it seems.. https://t.co/nNOTxgBvsn

2

6

1

0

2K

Chris Robinson

@cer_hedge

over 3 years ago

#cotton- We like to call this "the hurt locker" ; 5 months in a 6/cwt band of nastiness. waiting patiently for the breakout. #christmascotton #Ctz3

cer_hedge's tweet photo. #cotton- We like to call this "the hurt locker" ; 5 months in a 6/cwt band of nastiness. waiting patiently for the breakout. #christmascotton #Ctz3 https://t.co/VSwQbp3eNO

1

5

0

1

1K

Chris Robinson

@cer_hedge

over 3 years ago

#cotton #ctz3- That rally from November to New years? We just gave 1/2 back. Hope you hedged on the highs and not on the lows. Hedge; Don't chase.

cer_hedge's tweet photo. #cotton #ctz3- That rally from November to New years? We just gave 1/2 back. Hope you hedged on the highs and not on the lows. Hedge; Don't chase. https://t.co/lmWe1cax2x

1

11

2

0

3K

Chris Robinson

@cer_hedge

over 3 years ago

#cotton- Christmas #cotton #ctz3- for 6 weeks, Dr. Fibonacci has rained on the bulls parade- holding the fort at 85.30- the 62% retracement of the last dump from 95 to 70. Probably a good level to just pretend does not matter to the matrix.

cer_hedge's tweet photo. #cotton- Christmas #cotton #ctz3- for 6 weeks, Dr. Fibonacci has rained on the bulls parade- holding the fort at 85.30- the 62% retracement of the last dump from 95 to 70. Probably a good level to just pretend does not matter to the matrix. https://t.co/BkxWVYSqtJ

0

4

0

1

1K

Chris Robinson

@cer_hedge

over 3 years ago

#cotton #christmas white gold? Bulls need to get some export business and eat the top of this wedge salad next week. #ctz3. Is China going buy some cotton size and reward the bulls?