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Cotton has been one of the hardest hit commodities this year, seeing over 50% of its value slip away in a matter of months.
I shared a few weeks ago that agressive investors should look at “catching a falling knife, due to hitting channel support” and pick up some Cotton, via the ETF BAL….(see post here)
Nice price action has taken place of late and it appears BAL is attempting a breakout at (1)!