Cotton is lifting itself higher after 50% decline

by Chris Kimble | Aug 1, 2011 | Kimble Charting

“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.

2 Comments

Chris Kimble on 08/02/2011 at 9:18 AM

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,
Chris
stemphos on 08/01/2011 at 11:29 PM

Hi Chris,

Thanks again for all your guidance and insight.

What do you think about Coffee (JO)? Looks like a breakout maybe on the horizon.

Thanks,
Aaron

P.S. Any opinion on the Global X Uranium ETF (URA)?

Cotton is lifting itself higher after 50% decline

2 Comments

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