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Coffee Futures—Coffee futures in the September contract settled last Friday in New York at 96.65 while currently trading at 103.00 having one of its best weeks since March as prices have now hit a 4 week high. Coffee prices are trading above their 20 day but still below their 100 day moving average as I’m currently sitting on the sidelines…
Cotton Futures—Cotton futures in the December contract settled last Friday in New York at 59.50 while currently trading at 62.60 down slightly this Thursday afternoon breaking a 3 day winning streak, however prices are still hovering right near a 4 month high. I have been recommending a bullish position from the 62.20 level while placing the stop-loss under the June…
Source:Getty Images Cotton Futures—Cotton futures in the December contract is currently trading higher for the 3rd consecutive session up sharply this Wednesday afternoon in New York currently trading at 62.20 up 132 points or 2.50% right near a 4 month high. I am now recommending a bullish position while placing the stop-loss under the June 23rd low of 58.55 as…
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