May cotton has failed to make a bearish breakout on the monthly profile generating a buy signal at 88.17.
This failure suggest that May cotton will now revert back to the Zone-Trader pivot on the Monthly at 91.02.
If May cotton reverts to the Zone-Trader Pivot as expected and closes on Friday of this week above the
entry of 88.17. This would further signal a failed bearish breakout on the Yearly Profile, which the reversion to the Zone-Trader Pivot would push prices to the 94.53 price area.
If May Cotton can revert to the Zone-Trader Pivot on the Yearly and break above it the next target up would be MR1 on the Yearly which is currently 100.06.
Screenshot of the Monthly Profile is below again look to buy May Cotton at 89.17
This failure suggest that May cotton will now revert back to the Zone-Trader pivot on the Monthly at 91.02.
If May cotton reverts to the Zone-Trader Pivot as expected and closes on Friday of this week above the
entry of 88.17. This would further signal a failed bearish breakout on the Yearly Profile, which the reversion to the Zone-Trader Pivot would push prices to the 94.53 price area.
If May Cotton can revert to the Zone-Trader Pivot on the Yearly and break above it the next target up would be MR1 on the Yearly which is currently 100.06.
Screenshot of the Monthly Profile is below again look to buy May Cotton at 89.17
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