Cotton

I prefer equal size because the bull spreading has held the July down. If a break occurs, the unwinding of bull spreads could soften the blow to the July.
 
Ask b1s2 if he is bullish or bearish. That's all you will ever need.

:)


Quote from TheoCap:

Anyone know where to find solid fundi research on cotton? This is definately out of my sphere of knowledge. Thanks.
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Always start with WASDE for fundamental information.

http://www.usda.gov/oce/commodity/wasde/

It includes such tidbits as:

"Exports are lowered 300,000 bales to 15.7 million, due to the continued sluggish pace of export sales and shipments and a significant reduction in the import forecast for China. If realized, the carryover projection of 7.1 million bales would be the largest since 2001/02."
 
I have rolled longs into May Cotton. I am not ready to add to the position just yet, but am watching closely for a chance to do that. :)
 
Quote from Buy1Sell2:

Not ready to add longs just yet. I am content for the time being to hold the longs that I have.
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I just got long July 5435. This reminds me of how Corn suddenly went bid in October. Let us know where you're adding.
 
Update on Long Cotton position. I incurred a loss of 5 points per contract on the March longs when I rolled into May. My May position is long from .5210. I am not ready to add long yet. Close on the May contract Friday was 53.60:)
 
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