Interviews
News Flash
Rebound in grains helps cotton indirectly
05 Apr '07
2 min read
May made a consolidating effort, bouncing higher after 3 days of lower prices. There was little range, being pinned by yesterday's low and the 9 day simple average. Moving averages are both trending lower, with the 9 day now at 53.43 and the 50 day at 53.70.
There has not really been a trend whatsoever in the last month, which has made it a particularly frustrating market to trade for speculators and commercials alike. Momentum is still neutral, with the RSI at 47.18.
Click here to view graphical presentation:
There has not really been a trend whatsoever in the last month, which has made it a particularly frustrating market to trade for speculators and commercials alike. Momentum is still neutral, with the RSI at 47.18.
Click here to view graphical presentation:
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