We continue to wait for the final push up to new highs in cotton to put a low risk short position in place.
Those of a more aggressive nature can buy long in here for the last gasp up in price.
Cotton has reached a point of strong support and should begin the final rally from here.
I stress the long side as an aggressive trade and to make sure you keep a close sell stop in place.
Sunday, August 12, 2007
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