“Power of the Pattern” suggested that Cotton could see a rally off of the 50%+ decline of late (see post here)….wanted to update its progress.
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Will be looking to “pick some cotton profits” at falling channel resistance, which remains around 7% above current prices.
Thanks for the kind words Aaron! JO is at the bottom of a falling channel and horizontal support. Good place to attempt owning some JO, good eyes Aaron. Per URA, after a 50% decline, most likely influenced by the Japan earthquake, URA is now moving above some very popular moving averages!
Thanks again for the viewership and great questions,
Thanks again for all your guidance and insight.
What do you think about Coffee (JO)? Looks like a breakout maybe on the horizon.
P.S. Any opinion on the Global X Uranium ETF (URA)?