Cotton Still in Consolidation Mode 87 big level
We are not very excited about Cotton so far .
Unless it manages to break the 87 level , we still think it will be in a consolidation mode till mid/late January of 2019.
The cycles are positively configured , and there is a positive momentum with higher highs and lows but nothing to write home about.
We will be watching this market closely for any breaks of the 87 level even though on near term is shows its hitting some resistance and it may correct the next few weeks
before starting a new rally phase.
Unless it manages to break the 87 level , we still think it will be in a consolidation mode till mid/late January of 2019.
The cycles are positively configured , and there is a positive momentum with higher highs and lows but nothing to write home about.
We will be watching this market closely for any breaks of the 87 level even though on near term is shows its hitting some resistance and it may correct the next few weeks
before starting a new rally phase.