OMNI Trading Academy :: Forum

4/26/2009 7:22:07 PM 77 Posts: 0	cotton has the double top look as the soybeans had when OMNI called it in the beans china can be very large in the cotton game, as it does in copper July cotton closed down 51 points at 50.79 cents today. Prices closed nearer the session low today on profit-taking pressure from strong gains Tuesday. Bulls still have some upside near-term technical momentum. Cotton prices are still in a six-week-old uptrend on the daily bar chart. july has been known for extremes in cotton, july 1972-1986 were extreme lows, and on the quarterly chart a number of july highs can be seen over the years
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4/27/2009 12:19:47 AM 77 Posts: 0	GT cotton chart http://chartupload.com/viewer.php?file=bjcic6uvi850echjxlc.png all right it is testing 200MA same as soybeans did last week
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5/14/2009 11:51:49 PM 77 Posts: 0	using a popular slow stochastics 5,3 setting embedded means 3 sessions both k and d stay above 80 that means you buy any pullback looking for another test of the top as long as they stay embedded cotton just about to lose embedded status, so the play is to go south for a test of 18MA cotton and sugar looked the same weds. 8)
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7/31/2009 3:23:31 PM 77 Posts: 0	sugar has ramped on supposedly the lack of 'monsoon' rain in india sugar is a very low margin contract, might be good to add it to the markets you know well! UY ! 8)
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7/31/2009 3:27:25 PM 77 Posts: 0	cotton is dependent on china, looks like a buy stop at 55.15 on december cotton would be a great long entry cocoa may be a double top, how about a sell stop at 2788 8)
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