10th Jan - Cotton Recovers Off 76.4% Support
10 January 2013
MONTHLY CHART - CONTINUATION
The earlier drop back in prices 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 – Mar-13:
The market has been recovering after finding support from the 76.4% pullback level. Focus could gradually be turning back towards the 38.2% retracement level as next key resistance, with a push through this to provide the next bull signal.
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13th December- Watch the Euro's strength trigger more buying