image

Image
image

OnLine Cycle Analyst's Seminar - Trend and Price Swings- 28

Viewing Instructions:
Click on the Real Media Audio link below to begin; click Next to go to next chart. Before clicking on the audio link, allow the chart to fully load. If the charts do not download completely, right mouse click and choose "refresh".

COTTON WEEKLY
Cotton is a tricky market that can take out a previous week high or low and then quickly reverse. The 56/99 spot rollback contracts are not tradable, but they usually give a very good indication of trend. For trading evaluation, I use the weekly chart of the contract that I am trading. The weekly March contract (chart not shown) shows the potential for a drop below 63.00 to form a swing high that would indicate prices could continue lower for several weeks into a 20-week cycle bottom.

IMAGE
image