Cotton…Down 70% & Few Bulls…Could A Bounce Be Near?

August 26, 2014 10:23 AM

View gallery

Cotton…Down 70% & Few Bulls…Could A Bounce Be Near?

Cotton has had a rough go of it the past few years. Its down over 70% since 2011 and has had a rough go of it this year, down 30% in 2014.

The decline has taken in down to a point that dual support could be in play highlighted in the circle above. The decline has created rare sentiment extremes, as only 17% of investors are bullish at this time.

This creates and interesting Pattern/Sentiment situation for aggressive investors!

View Comments (0)

Recommended for You