US cotton futures (Nov 19)

Expecting a test of the uptrend line. This is where buyers should emerge. chart: investing.com

COTTON outlook on September 11, 2014

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 […]