Is Cotton Bottoming?

16 Nov in Blog, Cocoa futures, coffee futures trading, commodity trading, cotton futures, lumber futures, Michael Seery, milk futures, orange juice futures, Seery Futures.com, sugar futures

Cotton Futures--- Cotton futures in New York today finished higher by 10 points in the March contract currently trading at 72.41 breaking above its 20 day moving average which is at 72.30 hitting a 2 week high and now its heading towards its 100 day moving average which is at 73.62 and if those levels are breached in my opinion that would mark a short term bottom and a possible return to higher prices.

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