Price target 67.60 by August 17. Stop loss on a CLOSE below 58.50.
Please do remember that futures trading involves a substantial risk of loss and is not suitable for all investors.
Please do remember that futures trading involves a substantial risk of loss and is not suitable for all investors.
Trade active:
Target hasn't been reached on time but cycles continue up for a while. I expect it to reach there by early September. Hold long and move the stop loss to a close below 62.
Trade active:
Price target raised to 68.90
Comment:
Cotton never got a close below 62 and continues on a buy signal. We are long since 60 and I expect 68.90 to be reached in the two upcoming weeks.
Trade closed: target reached:
Take profit now.
Comment:
68.90 was reached, but since no one cares about my analysis I stopped monitoring.