Cotton front months closed with gains of 206–234 points as traders emerged from the weekend more optimistic on the Chinese situation. Crude oil fell $4.49 to $94.22 and the US dollar index weakened $0.894 to 99.468, signaling a risk-on tilt in commodities and FX. The moves are driven by improved China sentiment and lower oil prices and are likely to be sectoral rather than market-wide.
Cotton front months closed with gains of 206–234 points as traders emerged from the weekend more optimistic on the Chinese situation. Crude oil fell $4.49 to $94.22 and the US dollar index weakened $0.894 to 99.468, signaling a risk-on tilt in commodities and FX. The moves are driven by improved China sentiment and lower oil prices and are likely to be sectoral rather than market-wide.
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Request DemoOverall Sentiment
mildly positive
Sentiment Score
0.22
