22nd Aug - Cotton Recovery Testing First Interesting Resistance
22 August 2012
MONTHLY CHART - CONTINUATION:
The drop back in prices has brought the chart back within the range of the previous decade.
Note first interesting resistance here doesn't come until the current 23.6% rebound level just above 104.00.
DAILY CHART - Dec-12:
Recovery from the Jun low has now reached dual resistance from the 77.13 38.2% retracement of this year's losses and bear channel top nearby.
A break through this would be shorter term bullish and likely see at least a test of resistance from the 83.25 Dec-11 low, and perhaps higher retracements
Next story:
23rd Aug - Will USD/ZAR Momentum Fade? 
Previous story:
16th August - The Gilts look vulnerable