Expecting a test of the uptrend line. This is where buyers should emerge. chart: investing.com
Cotton still very close to the bearish head & shoulders neckline source: INVESTING.com Please read the Disclaimer!
Cotton price range-trading at 5-year lows. Not an inspiring chart. Only a close above $68.50 will invite new buyers into this market. Cotton (1.5 years) Chart data http://www.Stockcharts.com Please read the Disclaimer!
Click the link to read my article: http://www.investing.com/analysis/friday%E2%80%99s-cotton-outlook-225686 Content provided to and re-published from http://www.INVESTING.com Please read the Disclaimer!
Cotton December futures rebounding this week from multi-year support levels. Nest resistance @ 67.72 (August high) and 68 (mid-July consolidation area). If these are exceeded, there may be more upside to come after the epic fall of the last quarter. Multi-day support @ 65.90, 64 and 62. COTTON, DEC14 futures daily chart: Chart courtesy of […]
With cotton at multi-year support levels, a big rebound is due. But the December futures is showing a lot of weakness and may retest 62 first. COTTON, DEC14 futures daily chart: Chart courtesy of Barchart.com. http://barchart.com Please read the Disclaimer! RECEIVE THE TRADING REPORT FREE OF CHARGE FOR 2 WEEKS BY SENDING ME AN E-MAIL […]