Tuesday, September 10, 2013

Cotton‏ (Dec 13) intraday: the bias remains bullish.

Pivot: 82.95

Our preference: LONG positions above 82.95 with targets @ 84.5 & 84.9.

Alternative scenario: The downside penetration of 82.95 will call for a slide towards 82.1 & 81.7.

Comment: the RSI is above its neutrality area at 50%.
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