As described here - I see the signs are right for a bullish move in cotton.
Trade closed manually
It doesn't look good. The Jul contract is forming rather a bearish wedge pattern. The move to the upside is rather weak. So I take my few bucks profit and sit on the sideline for now. If the bearish wedge will be broken to the upside I'm in again ...The other possibility would be, if the current contract is getting broken to the upside - then I assume that the Jul contract will follow. But this looks also not bullish ATM:
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.