Cotton

[GlobalFinancier]

Bottoming.
Long IRL!!

 

[Johnny Walker]

AGREE

 

[GlobalFinancier]

Well, I lost some money today being long cotton.
But still bullish, it prolly fell due to gold going crazy .

 

[Johnny Walker]

I might play this move by purchasing a call option.

 

[Johnny Walker]

I researched the fundamentals today and they look good, but not great. I own corn now and that has great fundamentals as long a demand keeps up oversees. I am planning on getting in cotton soon but I am worried that the large funds will keep selling this market short despite the fundamentals.

 

[GlobalFinancier]

Quote from GlobalFinancier:

Well, I lost some money today being long cotton.
But still bullish, it prolly fell due to gold going crazy .

It broke support etc etc. I exited today for a small loss.

 

[GlobalFinancier]

Potential shakeout, if we see a breakout, then I'll re-enter to get into the coming uptrend.

 

[traderaaa]

Take a look at the COT, commercials position. I spent a little time in Memphis and the commercials are few in number but very influential in the cash market and use the futures widely.

 

[GlobalFinancier]

Shakeout, breakout confirmed. Long.

 

[GlobalFinancier]

Cotton is acting weird but still holding nonetheless.