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 planking 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.
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Cotton futures are trading sharply lower at midday with the front five contracts down triple digits.The US dollar index is sharply higher, up .229 at midday, helped by a steep drop in the Euro this morning.Crude oil is trading sharply lower.US cotton export commitments (sales plus bales already shipped) are 50% of the full year forecast vs. the average of 41%. USDA shows the AWP for August 29 through September 4 at 54.71, vs. the national average loan rate of 52.00. Certified stocks are down to 70,987.