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 were mixed on Wednesday, with Dec16 cotton down a point, but Mar17 cotton up 6. US upland cotton acreage will be updated by NASS at 11 am CDT on Thursday. The March Prospective Plantings figure was 9.35 million upland cotton acres. Including Pima, the USDA’s March acreage estimate was 9.56 million acres. The Cotlook A Index was 10 points higher to 74.65. ICE reported that there were 135,163 certified bales in storage warehouses on June 28, with no new certs and no decertified bales. There have been no deliveries thus far vs. July futures. Through tomorrow night, the USDA has the AWP at 55.48, up 108 points from last week. The LDP/MLG is still zero. Barring a sharp price decline on Thursday, it is likely to be zero again next week.