Core Viewpoint - December cotton futures are currently presenting a selling opportunity due to ongoing price weakness and bearish technical indicators [1][2]. Technical Analysis - December cotton futures have recently hit a contract low, indicating a downward trend in prices [1]. - The MACD indicator shows a bearish posture, with the red MACD line below the blue trigger line, both trending lower, suggesting a solid near-term technical advantage for cotton bears [1]. - A move below the support level of 64.00 cents in December cotton futures would signal a selling opportunity, with a downside price objective of 60.00 cents or below [3]. Fundamental Factors - U.S.-China trade tensions have significantly impacted the U.S. cotton market, as China, a major cotton importer, has reduced purchases of U.S. agricultural products due to these tensions [2]. - The increasing popularity of synthetic fibers, particularly in active and athletic apparel, has led to a decline in demand for cotton [2]. Resistance Levels - Technical resistance is identified at 66.00 cents, where a protective buy stop should be placed just above this level [3].