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

Re: CT...Daily at 90...and finally 60... *PIC*
In Response To: Re: CT...Daily at 90 *PIC* ()

August of '18...called down from 90...finally it finds it way all the way down to sixty and a little below. I'm thinking the red arrow was the call date.

Anyway, price is hanging onto sixty from the underneath side. It's decision place...not necessarily decision time but decision place.

Should price fail to regain 60 it has the possibility of continuing down to the 45 where it bottomed in '05 and '09.

Then, if that fails we could see it at 30, the seeming bottom for cotton for a very long time back. I doubt that happens but what do I know?

60 will be an interesting place to watch.