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, 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.

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