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Paraman666
Feb 4, 2019 2:30 PM

Cotton´s correction over ? Continuation of downtrend Short

Cotton No. 2 FuturesICEUS

Description

Seems like break out of falling wedge, almost identical move like in December 2018. My target is on POC, 68 dollars.

Trade closed manually

The reaction from the wedge was nice, however the buying volume is quite strong right now and also COT report becoming very bullish - so I think it´s possible, that we will broke that strong trendline and downtrend may be over.
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