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RE: COT Based Opportunities: Cotton Is Coming Towards Support from 2009
Based on the impulsive moves you are showing, there is still downside risk, look for a pullback before the next leg lower.
Based on the impulsive moves you are showing, there is still downside risk, look for a pullback before the next leg lower.
There certainly is. Cotton landed on the mentioned support just after market's opening. I will watch the gap but will probraly restrain myself from trading it. I hear the trading war is most likely behind the movement. Cheers!