Daily
cotton, orange juice, coffee, sugar and cocoa commodity trading commentary with our opinion as to trending markets,
support and resistance levels, if prices closed higher or lower from
previous day and most important which futures and commodity markets are
changing to bullish or bearish.
If
there is a change to bullish or bearish pay closer attention to
that market to look for opportunities. This commentary is based ONLY on
charts and technical analysis.
Cotton is trending up. Watch for support at 7520 and resistance at 7900. Changed
to bullish on October 08th. Changed
to neutral on October 03rd. Changed
to bullish on September 29th. Changed
to neutral on September 26th. Changed
to bullish on September 23rd.
Coffee is trending down. Watch for support at 6110 and
resistance at 6320. Changed to bullish on October 20th. Changed to bearish on October 07th. Changed to neutral on October 01st. Changed to bearish on September
30th. Changed to neutral on September 26th. Changed to bullish on September
25th. Changed to neutral on September 23rd.
Sugar #11 is not trending. Watch for
support at 585 and resistance at 615. Change to neutral. Changed to bullish on October 16th. Changed to bearish on October 06th. Changed to bullish on September 26th. Changed to neutral on
September 25th. Changed to bullish on September
22nd.
Cocoa is trending down. Watch for support at 1360 and
resistance at 1426. Changed to bearish on October 01st. Changed to neutral on September 26th. Changed to bullish on September 23rd.
