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Commodity Trading Discussion Forum

Re: cotton example / Wayne

Posted By: hunter
Date: Thursday, 2 July 2009, at 7:52 p.m.

In Response To: cotton example *PIC* (Wayne Fisher)

That was a good observation few days back. If you look few years back on the cotton continuos chart, you will notice that it gaps up between June 23/26 goes up a bit then resumes the down trend.
In your posted chart notice that the market is about to hit resistance. If it is doing the same as it did the last few years in the month of June, then it is possible to expect the same this year.
Your observation was good at the time you posted it the comment, it was good for a swing trade/
Same was with sugar. My observation was good for a swing trade. Not for a long term position.

Same with Corn. It is right on with the seasonal.

Good call bud!

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