Cotton Prices Stuck In 4 Week Consolidation

17 Oct in Blog, coffee futures, commodity trading, cotton futures, futures trading, Mike Seery, orange juice futures, seeryfutures, sugar futures

Cotton Futures--- Cotton prices in the December contract are higher by 65 points currently trading at 68.18 trading in a very tight consolidation which has now lasted about 4 weeks as prices are still trading under their 20 and 100 day moving average as the short-term trend is lower, however in my opinion this market is mixed as I'm sitting on the sidelines waiting for a breakout to occur.

 

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