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 halved the midday gains but closed 46 to 58 points higher. USDA reports farmers intend to plant 9.549 million acres, down 1.49 million from last year and below USDA’s February estimate. However, soggy fields in parts of Texas and the Delta have field work well behind normal so final acreage is far from set. Certified stocks for March 30 rose to 11,011 with 719 new certs. There are 348 awaiting review. The Cotlook A Index is up 50, at 70.35. The dollar is up 361 points this afternoon and a negative input for commodities.