Futures Traders: Get FREE daily videos covering today's hottest market
Twenty-five-year commodity market veteran Jim Prince is an expert in the principles of technical trading. Each day Jim reviews the biggest moves in the commodity markets, identifying formations and planning trading strategies. And now, in his free Daily Alert, Jim will share with you his hot pick of the day with an exclusive 3-5 minute video.
With each Daily Alert video Jim reviews first-hand his featured chart of the day, discusses trading strategy, and highlights possible entry and exit points.
Enter your e-mail below to view the latest Daily Alert and receive a complimentary PDF on Cycle Trading techniques to find the right conditions for entering the market.
Cotton futures finished the Friday session up 60 to 65 points, adding to triple digit gains from Wednesday. The price of Dec15 cotton increased by 4.1% from last Friday, gaining 259 points, and closing at its highest daily close since November 2. The USDA reported export sales of 313,100 RB during the week ending Nov 19, including 7,500 RB of Pima. Upland sales of 305,600 RB were the largest since the week ending October 1, and increased by 53% from the week before. The Cotlook A Index was 125 points higher to 69.80. ICE reported that there were 63,958 certified bales in delivery warehouses on Nov 25, with 4,202 new certs and only 15 decertified bales. There were 1,460 bales awaiting review. USDA put the AWP for this week at 46.89 and dropped the LDP/MLG to 5.11, down .01 from the 5.12 last week.