Posted by lessarda on 11th of Aug 2011 at 04:42 pm
BAL was unable to break above 20 D MA to target the 50. Bearish
movement off 20 pointed to more downside. A couple of days closing
above the 20 with the 2nd day price close higher than the first
would really help any bullish short-term view.
seasonal cotton charts, one for the dec contract & one for
the march contract, looks to me that cotton historically chops now
and sometime around thanksgiving look for a buy trigger if you want
to trade bal
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Last post pointed to 20 day to see whether there was follow through...
BAL -- cotton under accumulation?
Posted by lessarda on 11th of Aug 2011 at 04:42 pm
BAL was unable to break above 20 D MA to target the 50. Bearish movement off 20 pointed to more downside. A couple of days closing above the 20 with the 2nd day price close higher than the first would really help any bullish short-term view.
seasonal cotton charts, one for
Posted by 8899 on 11th of Aug 2011 at 05:08 pm
seasonal cotton charts, one for the dec contract & one for the march contract, looks to me that cotton historically chops now and sometime around thanksgiving look for a buy trigger if you want to trade bal