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TFC Commodity Trading Forum

March Cotton/ B/O & Bearish Island Reversal *PIC*

March Cotton broke out over a double top and did have an Island Reversal pattern that was suggested over the last couple of days here. But price did breakout to new highs 1st so price needs to follow through on the downside to confirm the Island Reversal and drop below the Nov high of 152 support to suggest lower prices. Lower technicals are showing negative divergences and a loss of momentum.