Welcome to the TFC Commodity Trading Forum.
Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

TFC Commodity Trading Forum

March Cotton/Breakdown *PIC*

March Cotton broke out above a double top and then promptly formed a very bearish Island Reversal pattern. Price is now following through to the downside fulfilling the bearish pattern projection and is presently below the breakout pt support. Negative divergences have been very pronounced for some time now. The uptrendline is just over 125 along with the Fib 38.2% retracement pt.

Messages In This Thread

March Cotton/Breakdown *PIC*