Cotton October "THREAD"
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Started by metmike - Oct. 1, 2021, 3:27 p.m.



#Cotton showing it's first technical signal of a potential high after a 89,327% rally in the last 8 straight sessions. Not confirmed yet though! #GinnedAndJuiced


By metmike - Oct. 5, 2021, 9:48 p.m.
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By metmike - Oct. 5, 2021, 9:49 p.m.
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Dave Reiter@TradesByDave


#CT_F During the past 25 years, cotton has traded above $1.00 per lb only one time. If you are a cotton producer, this is a rare opportunity. #Cotton


By metmike - Oct. 8, 2021, 12:41 a.m.
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Prices were in this price area in May 1995 for a brief spike higher. The high was around $1.14.

Other than that, the only other time when cotton prices were higher, was in March 2011, when the price spiked very briefly, just above $2. The high was around $2.04.

Those 2 other times when cotton prices got above $1, it didn't last long. Even in 2011, the price was below $1 again at the end of November of that year.

The high for this move was the $114.95 earlier this evening.

We're currently at $113.59 up $1.98

Cotton Prices - 45 Year Historical Chart

By metmike - Oct. 9, 2021, 3:34 p.m.
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Cotton prices reversed lower on Friday after a 10 year high overnight.

Good source of information here:

By metmike - Oct. 11, 2021, 4:24 p.m.
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Cotton prices settled slightly lower again on Monday, after Friday's reversal lower from decade+ highs.

By metmike - Oct. 12, 2021, 5:02 p.m.
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By metmike - Oct. 13, 2021, 8:21 p.m.
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Cotton closes lower again:

Dec 21 Cotton closed at 103.86, down 252 points,

By metmike - Oct. 18, 2021, 7:40 p.m.
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 Cotton #2 Dec '21  (CTZ21)  

    107.04s -0.29  (-0.27%)  10/18/21 [ICE/US]  

  for Mon, Oct 18th, 2021*1/overview

Nothing to write home about.

By tjc - Oct. 18, 2021, 8 p.m.
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  I just saw this thread.

  I was a buyer today, after covering a short put on Friday.

  Today was a buy based upon:

     1.  3 day rule--market will test a high/low three trading days thereafter (Wednesday was the daily cycle low)

     2.  this week is only the 4th week after a weekly cycle low (9-20-21)  Too soon for 'high'

     3.  Would be abnormal for the lowest volume trading month, October, to print a high or low

     4.  October expiration last week, thus some more to come

     5.  Looking for near 130 this week--probably book profit Friday/Monday

  Good luck

By metmike - Oct. 18, 2021, 8:49 p.m.
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Wow! Great insights tjc. Thanks for sharing.

Cotton isn't trading weather so I'm not trading it right now.

By tjc - Oct. 21, 2021, 6:21 p.m.
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  Stopped out and glad.  Dropped another 3 bucks after taken out.


By metmike - Oct. 21, 2021, 6:48 p.m.
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Good trade thanks for sharing

By tjc - Oct. 22, 2021, 7:50 p.m.
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  Very complex trade this COTTON.

  Sold the rally at 10810..Sweatted the move to 109.

  Did NOT 'like' ctz failed to reach my sell stop at 10710..

  Covered at 10802

  I WILL ACTUALLY LOOK TO GO LONG on Monday on test of low

By metmike - Oct. 22, 2021, 7:54 p.m.
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Thanks tjc,

Unless the south gets hit with flooding rains, which is extremely unlikely in this pattern....I'm just watching but enjoying the reports from you. Thanks for sharing.