Support and Resistance Trading Forum

Re: Cotton
Date: 11/4/2010, 1:40 am
In Response To: Cotton (Belize)

It's crazy scary. You usually just see moves like this in one of the traditionally "wacky" markets like Cocoa. Cotton was always a little more respectful of technicals, but not lately.

I guess the fundamentalists are all pointing to the flood in Pakistan for the run on Cotton. I don't know if it's true, but it reminds me of forgetting to buy gas futures when Katrina hit all those refineries in the US.

I guess that's what happens when you don't watch the news.