Tag Archives | cotton futures

Gold Futures chart

For the Ladies – Gold and Cotton

The women I know love clothes and gold and I think both at least at the wholesale level will be going on sale in the very near future. Cotton prices have been dancing the up-sloping trend line for the past 6 months as seen on the chart below. Current prices have July futures higher by […]

Continue Reading 0
Cotton Futures

Cotton – China’s Appetite Should be Absent

Since establishing a bottom on 11/22 cotton prices have appreciated 14% yesterday trading to their highest levels since 8/20. While past performance is not indicative of future results you can clearly see a pattern on the chart below that prices in the high 80’s appears to be unsustainable? I am operating under the influence that […]

Continue Reading 0
Cotton Futures

Cotton – A Potential Sleeper

Since reaching a high just above 90 cents/lb. in mid-August cotton futures have been on a downward trajectory giving up nearly 15%. In the March contract futures have found a value zone just below 78 cents where futures currently sit. I am operating under the influence the current base being built over the last two […]

Continue Reading 0
Cotton - Markets Do Not Move in a Straight Line

Cotton – Markets Do Not Move in a Straight Line

For the last ten consecutive sessions cotton prices have been in the red shedding 7% within that time frame. Futures are within spitting distance of posting fresh 13′ lows closing under 80 cents/lb the last two days. A 100% Fibonacci retracement puts futures in March near 75 cents though I believe the red horizontal line […]

Continue Reading 0
Cotton Futures chart

Cotton – Have we Priced out Exports for the Moment?

Adverse price movement can affect exports levels in commodities. In other words if prices are low enough it may entice higher exports while prices appreciating too high have the ability to discourage exports. Cotton futures are flat today as of this post unable to make it to the previous session’s highs. Net export sales for […]

Continue Reading 0
Cotton Futures

Cotton Suffers Serious Chart Damage This Week

March ICE cotton futures on Tuesday traded down the 300-point trading limit, and then on Wednesday showed solid follow-through selling pressure to produce significant near-term technical damage. The daily bar chart for March cotton futures shows that an uptrend line drawn from the November, December and January lows was penetrated on the downside and negated. […]

Continue Reading 0
cottondec2007_plot.jpg

Jurgens Bauer’s Cotton Comments

Cotton prices added another 25 points on the up side Friday, with December closing near its high at 6540. While this closing strength gives rise to a short term low now being in place I do not trust the long side. Why, because of the drop in the Dow. (more…)

Continue Reading 0
December Cotton Futures

Major Bull Market Run in Cotton Futures

December cotton futures on the New York Board of Trade have seen a sudden and steep uptrend develop over the past few weeks. In fact, in around six weeks’ time December cotton went from a fresh contract low in mid-June to a fresh contract high in early July. Bullish fundamentals include less U.S. planted acres […]

Continue Reading 0

Trade Pressure in May Cotton Futures

Cotton futures came under substantial pressure again this morning and conveniently it waited until outcry trading began. March cotton opened weak at 5260 and continued lower as put buying in options only served to add weight along with stop loss selling uncovered below 5275. In options alone, size was bought in both the March 53 […]

Continue Reading 0
cotton_mar3.gif

Cotton Traders Have “Lines Drawn in Sand”

Cotton market bulls last Friday absorbed a bearish USDA report by initially trading sharply lower and then reversing course to close higher, nearer the session high and at the weekly high close, basis nearby March futures. Price action last Friday also scored a bullish “outside day” up on the daily bar chart, whereby the high […]

Continue Reading 0