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Cotton: Opportunity Getting Ripe
Elliott Wave International describes a budding potential opportunity in Cotton.
"Let me begin by saying that I'm still bullish Cotton."
That's the opening line of today's issue (March 19) of Elliott Wave International's Daily Futures Junctures publication.
Note, however, that the editor Jeffrey Kennedy's conviction regarding Cotton futures has nothing to do with the "growing demand from China," or cotton crop forecasts, or any such things.
Jeffrey builds his case on several pages by showing you 4 different Elliott wave-labeled charts of Cotton. Then, he backs up his analysis further in a 5-minute video presentation.
This Jeffrey's Chart #1 (some labels hae been erased for this publication):
As you can see from this chart, just because Jeffrey says he's bullish Cotton doesn’t mean prices can't drop a little more from here, extending the recent decline.
Still, the opportunity, according to Jeffrey, may be getting quite ripe. Get all the details right now in the March 19 Daily Futures Junctures. Just scroll down to learn how to get it on your screen in minutes.