Nybot Cotton no2

A

Alex165

Any Cotton traders out there? Yesterday we saw quite impressive move on Nybot cotton no2. I'm more interested in spread move. Is it possible that paper buying JULDEC spread mostly caused move up on JUL outright?

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I got long Cotton early this year, been spending last few years hunting for bottoms, April/recent days added ons. Mostly likely the seasonal have changed to up and daily trend had changed to down in April and few days ago which more to add onto longs, also the long triangle Jul/Dec, each time it hit bottom base, good accumulation as it been stairstepping since October-no brainer. Spreads often time lead trends, so those who don't study spreads are losing out on the information gained from them. Limit up today-nothing can be finer on a Friday.


CT77.GIF
 
Just closed a short position in N7/Z7 - damn. Think I'll stop messing with these ICE softs and stick to CME markets.
 
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