Cotton May Be Headed Higher Into June

 
Cotton May Be Headed Higher Into June

Pro Farmer Senior Market Analyst Rich Posson says funds continue to buy cotton futures and fundamentals are improving. "Prices surged last week," he notes. "The trend is up into a Level 1 top that may not occur until early June with objectives ranging from 69.00 to 74.00 cents for the July contract."

In the July cotton chart below, Posson uses technical indicators such as stochastic, moving averages, trendlines as well as his business-cycle analysis:

cotton

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Comments

 
Spell Check

Victor
NY, NY
4/28/2015 06:20 AM
 

  fundamentals are improving ? and hedgers means users, producers cotton traders can not see that fundementals ? Because they are still 102K short and just 9K long at the cotton market by the way all open interests 167K. Do you beleive that speculator can change any market direction? I wish you luck on your analyz because you will need it.

 
 

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