As described here - I see the signs are right for a bullish move in cotton.
Yorum:
Placed another limit buy in the market to add to my position but it wasn't reached so far. Need to consider entering again later ....
İşlem elle kapatılmış:
It doesn't look good. The Jul contract is forming rather a bearish wedge pattern. The move to the upside is rather weak. So I take my few bucks profit and sit on the sideline for now. If the bearish wedge will be broken to the upside I'm in again ...
The other possibility would be, if the current contract is getting broken to the upside - then I assume that the Jul contract will follow. But this looks also not bullish ATM:
The other possibility would be, if the current contract is getting broken to the upside - then I assume that the Jul contract will follow. But this looks also not bullish ATM: