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 […]
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 […]
For a while now I was unable to see the forest for the trees. However, stuck as I was I took off a few days and gained fresh perspective, I hope not too late. You all should know that traditionally, cotton and copper have been strong leading economic indicators of the health of industry. I […]
