Cotton Higher By 160 Points Today

19 Mar in Blog, commodity trading, cotton futures, futures broker

 Cotton Futures--- Cotton futures for the May delivery shot 160 points today with investors buying throughout the trading session to close at 89.10 a bale in an active trade in New York today. Traders are starting to think that cotton prices are relatively low compared to grain prices and that a short term bottom might be in place, however the trend in cotton is still lower and you would need a break out above the three weeks highs which is around 94.25 a bale which happened a couple weeks ago due to the India export ban of cotton which only lasted a couple of days. As I have been saying in my blogs in the last week or so I am bullish the cotton market I think the lows are in and in my opinion you should be looking at buying futures contracts for the December which is the new crop or you should be looking at some December call options. If you have any questions on how to invest in cotton futures or options please call Michael Seery at 800-615-7649 and he will be more than happy to help you with your trading. There is a substantial risk of loss in futures, futures option and forex trading. Furthermore, Seery Trading is not responsible for the accuracy of the information contained on linked sites.

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