Back in July, Cotton prices had declined over 50% in a matter of a few months and looked like some key support was close at hand in the charts below, post on 7/19 (see post here) CLICK ON CHART TO ENLARGE The rally in Cotton off of support has not be spectacular, yet if purchased on support, BAL [...]
CLICK TO ENLARGE Cotton has been one of the hardest hit commodities this year, seeing over 50% of its value slip away in a matter of months. I shared a few weeks ago that agressive investors should look at “catching a falling knife, due to hitting channel support” and pick up some Cotton, via the [...]
Recently I have shared a few posts on one of the hardest hit commodities…Cotton. I ask was a “50% decline enough” (see post here) and I ask if you wanted to “catch a falling knife” (see post here) Below is an update through today, per BAL… CLICK ON CHART TO ENLARGE Playing BAL should only [...]
The chart below was published on July 12th (see post here) reflecting a 50% decline in Cotton had taken place over the past few months. I wanted to update the Cotton chart because it is fast approaching potential support prices cited below. CLICK ON CHART TO ENLARGE Below is an update to the above chart, [...]
CLICK ON CHART TO ENLARGE Does a large decline in Cotton suggest anything about the consumer or the global economy? I don’t know, I will leave that up to much smarter people than myself. Feel free to comment or email on this macro topic if you would care to- Is a 50% decline in Cotton [...]
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