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데이터 기준일: 2026-10-07 · 결제 기준: 거래소 최종 일일 결제가

Cotton (CT=F) Deep Dive | Bullish Rebound on Oversold Technicals | 2026-10-08

We maintain a bullish stance on Cotton (CT=F) as the contract trades near key support with oversold technicals and a constructive setup for a mean-reversion rally. The current price of 80.03 (settle 10-07) sits just below the pivot at 80.383, offering a favorable risk-reward for a bounce toward the 20-day low of 77.05 and beyond. While the 20-day trend remains negative (-8.31%), the 5-day momentum has turned positive (+1.92%), suggesting short-term exhaustion of selling pressure. Invalidation occurs if price breaks below 78.763 (S2) with conviction, which would signal a deeper correction. This call is supported by three factors: technical oversold conditions, seasonal tailwinds, and a lack of fundamental catalysts for further downside. We target a move back toward the 81.017 (R1) level in the near term.