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I Am Bullish Cotton Prices

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Cotton Futures--- Cotton futures in the March contract settled last Friday in New York at 68.77 while currently trading at 68.94 basically unchanged for the trading week still stuck in an 8 week tight consolidation as I'm looking at a bullish position if prices break yesterday's high of 69.67 & if that does occur place the stop loss at the 2 week low standing at 68.07 risking $800 per contract plus slippage & commission.

The chart structure in cotton is outstanding at the present time as prices reacted pretty neutral off of the USDA crop report which was released yesterday stating that the U.S will produce around 21.38 million bales which was pretty much expected as this market looks to turn bullish in my opinion.

Cotton prices are trading above their 20 and 100 day moving average telling you that the trend has turned to the upside as the risk/reward are in your favor in my opinion as the breakout could happen in Monday's trade so keep a close eye on this market as we could be involved in next week's trade.

The agricultural markets have been going sideways for quite some time as the downside I think is very limited as I'm bullish the commodity markets as I will not take a short position in cotton as I think historically speaking prices look cheap.




If you are looking to contact Michael Seery (CTACOMMODITY TRADING ADVISOR) at 1-312-224-8140 I will be more than happy to help you with your trading or visit

Skype Address: mseery TWITTER---@seeryfutures



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About the author

Michael is the sole owner of SEERYFUTURES.COM which is a commodity futures and options consulting, advisory, and educational firm.

Michael frequently appears on multiple business networks including Bloomberg News, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He also writes market commentary for several commodity websites and is interviewed for commodity comments by the Wall Street Journal. He is also a guest on First Business, which is a national and internationally syndicated business show.
Michael started his career in 1990 at the Chicago Board of Trade as a runner. He soon worked his way up to becoming a Series 3 broker. He works with seasoned traders as well as novice beginners educating them on trading the futures markets as well as using simple and complex option strategies. Michael covers all markets including grains, metals, energies, and all other futures markets that are traded.
To Michael the biggest lesson any trader needs to learn is risk management. Michael believes this is the most important factor in trading. He also works with traders to help them determine the proper risk for their trading style. Michael has spent a lot of time educating his clients to help them understand trading strategies and trading techniques while enjoying spending quality time with customers going over the markets or just talking general trading philosophies.

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