May Cotton (CTK12) continues to trend higher as i expected and suggested. CTK12 is currently trading at 92.55 up $4.38 or a gain of $2190.00 per contract as each $1 move in Cotton is $500 per contract.
The Yearly Profile on CTK12 failed to make a Bearish Breakout with the close on Friday of last week, which suggested for us to hold the current long position from 88.17. With this failed Bearish Breakout on the Yearly Profile occurring, I now expect prices to revert back to the Zone-Trader Pivot on the Yearly Profile, which is currently 94.53. I feel prices can go even higher then this price level but that is the current short-term target at this point in time. Below is a screenshot of the Yearly Profile so you can assess for yourself, take note of the prices of the other Zone-Trader Levels above the ZT-Pivot which is white. They will give price levels for further targets above the ZT-Pivot on the Yearly Profile. Good Luck!
The Yearly Profile on CTK12 failed to make a Bearish Breakout with the close on Friday of last week, which suggested for us to hold the current long position from 88.17. With this failed Bearish Breakout on the Yearly Profile occurring, I now expect prices to revert back to the Zone-Trader Pivot on the Yearly Profile, which is currently 94.53. I feel prices can go even higher then this price level but that is the current short-term target at this point in time. Below is a screenshot of the Yearly Profile so you can assess for yourself, take note of the prices of the other Zone-Trader Levels above the ZT-Pivot which is white. They will give price levels for further targets above the ZT-Pivot on the Yearly Profile. Good Luck!
Request A Free Trial To Our Live Trading Room!!!! Send Email to (derivativeconceptsinc@gmail.com
No comments:
Post a Comment