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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 […]

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Azucar Not so Sweet for the Bulls

In the last 18 months as one can see on the chart below sugar has been trending lower depreciating 30% dragging futures to their lowest levels in three years. There is no denying the direction of the trend and until we see prices retake the down sloping trend line we are grasping at straws. However […]

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