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softs indicators rolling over from the highs
Coffee, Sugar, Cotton, etc...
9/30/2009 11:52:47 PM
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i see Oscar made a post on cotton over in the grains section...
cotton is the soft that often thinks it is a grain!
cotton had a nice day today, romping up off the 34EMA touch which it held around the lows tuesday
the indicators on the softs are rolling over on cotton, coffee, and cocoa and are not close to being oversold yet
how about a cocoa short sell if the head and shldrs holds it about today's high, with all these softs having indicators pointing down
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10/2/2009 6:18:47 PM
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cocoa did sell right off from the open thursday, from the little right shoulder top
coffee and cotton joined cocoa straight south, as the end of quarter commodity jam them up on weds. 9/30 got reversed
sugar was an exception thursday, and crude oil did real well not dropping any of it's weds 5% gain
UY may your OMNI always fly!
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softs indicators rolling over from the highs