Home / Knowledge / News / Textiles / Market still looks bearish
Market still looks bearish
Feb '09
Dow futures were called higher as much as 100 pts overnight but opened only slightly higher and then fell much harder as the USD rebounded. Cotton is stuck following outside markets as the fundamental picture is still looking bearish, but certainly becoming oversold.

Technically, the market still looks like it could go lower and until we get a strong rebound in the equity markets, we may have lower to go. H'09 expired with very few fireworks and volume became very light once again. Specs are obviously sellers as the spec hedge position went from 6.8% short to 12.2% short.

The exports may be strong again this week and we do have the potential tightness in new crop acreage, but at the moment we are tied to the stock markets which broke the 6 year low today and reached multi year lows going back to 1997. So for the moment, I would expect us to keep testing lows until the stock market can punch out a bottom and we will probably see a 3 on the K'09 before that happens.

Click here to view more:


Must ReadView All

Apparel/Garments | On 25th Jun 2017

Half of 7,000 new apparel online each day target women

Adobe has released its first Digital Price Index for apparels,...

Textiles | On 25th Jun 2017

First Insight, Chico's FAS enter partnership

First Insight, a technology company transforming how retailers make...

Apparel/Garments | On 25th Jun 2017

Expand changing use of social and web resources

With over 400 million impressions to date and web traffic of over two ...

Interviews View All

Anshul Sood

‘Indian footwear market is nascent and largely a trend follower’

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search