Cotton: Will Support Hold?

Comments on the chart

Note

Support is really being tested hard and tomorrow will tell whether we keep looking to the downside

Note

Price is still struggling with the support area

Note

good move up today off support. Things are looking good for cotton. I am not getting long until the EMA is taken out. It could be as early as tomorrow

Note

We have lift off! Price move up today and barring any serious breakdown in the electronic session overnight I will be looking to get long as price will have taken out the EMA today

Note

The TP of this idea is close

Olu

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Olu