This is a very exciting trade, tomorrow could be a great entry point to short Cotton.
The daily chart shows a possible head and shoulders, with a potential gap to fill at 76.
As does the minute chart. Being that the market looks decently positioned in both time frames for a near-term short.
This monthly chart showcases a tendency for Cotton to sell off at some point in April or May, somewhat consistently.
Here you can see the seasonal chart also shows a tendency in Cotton to decline past May.
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Always trade at your own risk. This is not a recommendation to buy or sell any stock or commodity, it is merely commentary on a market.
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