Cotton price to break in January.

1 янв. 2017 г.

Cotton is nearing the end of many cycle periods, linear time cycles as well as price cycles. It is also becoming much more narrower of a trading range with rising support each time it travels down from the top. A break is coming and I believe it will pivot/start on January 9th, 2017. It is my belief Cotton will go up from there, though I'm not fully sold on that completely. What I am fully believing in is that the range will crack in January and the 9th will bring the pivot for this break. Will continue to buy low 70's and especially 69.90's on January 9th, and will hold. If top line(73.05) breaks with closes above it, I will continue to add and hold for 75 - 78 - 80+.