On our main Futures trade, Cotton has indeed gone in our direction by a massive 12%.
We told you guys, some might consider it a 'boring' trade, more excitement in trading cryptos and indices or forex but as we stated before 'Cotton is Soft and Predictable', an asset worth your attention.
Cotton stands for seasonality and this makes trading CT1 a rather predictable exercise.
Take a look at the chart and tell me if you like it.
Also look at my previous idea and how well it worked! Be inspired, don't look only for adventures but also for ''easier' trades.
Take a look at our previous ideas and how nicely we managed to ride this price on the way up (perfectly) and on our way down (perfectly again).
great analysis, it should push back to 85s. at least. then down again
christiansaboya
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It is respecting the descending channel and your first idea coincided with my operation.
I have a take profit at 60, do you think it will come? I do not find a resistance or previous support that so that it does not reach the price. In the previous idea about cotton, I made a comment about sugar. I have a short one and it follows the same pattern. Thanks for your analysis.