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 were off 87 to 90 points on the day. The US Dollar rallied again today, but backed off of session highs. August crude oil futures gained 42 cents. YTD accumulated exports of Upland cotton are up 7% from a year earlier, yet the USDA is projecting total 14/15 exports to be up just 1.6% year/year. The Cotlook A Index and Forward A Index are both unchanged, steady at 74.30 and 77.05 respectively. There are 163,976 certified bales in stock, with only 1 new cert, and 2,442 decertified bales. Currently, there are no bales awaiting review.