Cotton Prices Continue Bearish Trend

28 May in Blog, Cocoa futures, coffee futures trading, commodity consulting, commodity trading, cotton futures, lumber futures, Michael Seery, milk futures, orange juice futures, Seery Futures.com, sugar futures

Cotton Futures--- Cotton futures in New York are trading lower by another 40 points currently at 84.60 as improved weather conditions in Texas are pushing prices lower on a daily basis as I’ve been recommending a short position for quite some time and I do believe 84 which is the next support could be broken with a possible washout down at the 80 level here in the short term as prices are trading below their 20 and 100 day moving average.

Full text available to Mike's Coffee Shop Members only.

 

Register Now to get access today!

Home  | Privacy Notice | Risk Disclosure | Contact Us

Trading Futures and Options on Futures transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

Past performance is not necessarily indicative of future results.

Trading results obtained by a client while trading a demo account may not be indicative of the results obtained
when trading a live account due to the fact that trades are not sent to a regulated exchange but they are sent
to a simulated off-exchange server.

© 2017. Seery Futures. All Rights Reserved.