Cotton Futures--- Cotton futures in the March contract are sharply higher this Wednesday afternoon in New York currently trading up by 160 points at 71.76 as I've been recommending a bullish position from around the 70.50 level & if you took the trade continue to place the stop loss which now has been raised to 68.62 as the volatility certainly has come back into this market in recent days.

Cotton prices have now hit a 10 week high breaking out of a 9 week consolidation on Monday as now prices look to head up to 74 level in the days ahead as the commodity markets are starting to come to life to the upside as the U.S dollar is down almost 50 points in today's trade lending support across the board.

Harvest in the southern part of the United States should be around 90% complete after this weekend as that's always a good thing if you're bullish in my opinion as a seasonal bottom has occurred as we held major support around the 67 level so continue to play this to the upside and if you missed the trade wait for some type of retracement therefore lowering the monetary risk.

The chart structure will not improve for another 6 trading sessions so your going to have to accept the monetary risk at this time as the original risk on the trade was around $1,100 per contract plus slippage & commission.

TREND: HIGHER

CHART STRUCTURE: SOLID

VOLATILITY---INCREASING

If you are looking to contact Michael Seery (CTACOMMODITY TRADING ADVISOR) at 1-630-408-3325 I will be more than happy to help you with your trading or visit www.seeryfutures.com

Skype Address: mseery TWITTER---@seeryfutures

FREE TRIAL LIMIT UP COMMODITY NEWSLETTER

Email: mseery@seeryfutures.com

If youre looking to open a Trading Account click on this link www.admis.com

There is a substantial risk of loss in futures and futures options. Furthermore, Seery Futures is not responsible for the accuracy of the information contained on linked sites. Trading futures and options is Not appropriate for every investor.