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How High Are Cotton Prices Going ?

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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.




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

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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