13th Feb - Cotton Downmove Slowing
13 February 2015
WEEKLY CHART –
CONTINUATION:
The downleg from the 2014 high
has slowed, ahead of our Fibo
projection.
DAILY CHART – Mar-15:
Good support has come from our
Fibo projection around 58.25.
An initial positive signal was given
by the violation of the channel top.
Things would, however, become
more interesting following a push
through the 63.35 23.6%
retracement
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9th February - Oil, a rally or a correction