May Cotton continues to revert towards the Zone-Trader Pivot on the Monthly as i suggested was being derived from the Zone-Trader Philosophy. May Cotton is currently trading at 90.25 up over $2 per contract from our proposed entry at 88.17 over $1000 per contract.
If May Cotton can stay in this price area and close today above 89.16 then the Yearly Profile will be making a failed bearish breakout, which suggest higher prices ahead and a revert to the Zone-Trader Pivot on that Profile which is at 94.53. This could turn into a monster trade.
If May Cotton can stay in this price area and close today above 89.16 then the Yearly Profile will be making a failed bearish breakout, which suggest higher prices ahead and a revert to the Zone-Trader Pivot on that Profile which is at 94.53. This could turn into a monster trade.
No comments:
Post a Comment