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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

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