Cotton reversal move

The market is operating under the bullish influence of the reversal and outside day up from a one-year low on August 20th.

Outlook for significant battle for planted acreage and potential for tropical storm damage to supply this season are factors which helped to support the reversal.

Comm Channel and Parabolic have signal BUY for cotton


Place my stop at the lowest point of the chart

Bought 1 lot of cotton Dec08 at 70.85
Stop level at 66.00
Target level at 77.00
Value of 1 point equals US$500

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