Monday, April 9, 2012

Cotton (BAL)

It's been a year since i was questioning the top in cotton around $110. Turned out I was correct but didn't act on my judgement, could have been some nice gains. Now I am questioning the bull case for cotton. On the daily it looks to be forming a double bottom. Looking for a break of the upper red resistance line.
Daily
Weekly

Posted by at

1 comment:

  1. TheSmarterInvestorNovember 15, 2012 at 3:43 PM

    Great short opportunity on support break. Support turned resistance?

    ReplyDelete

Subscribe to: Post Comments (Atom)