What The Chart Says About Cotton

While commodities have had an awful year compared to other asset categories, cotton ($CT_F) is currently flat YTD. In my commentary for TraderPlanet this week I dig into the latest price action of the cotton ETN ($BAL) as well as the seasonality characteristics and extreme in sentiment for the cotton market.

Here’s a piece:

Seasonality can be a big factor when it comes to commodities, and cotton doesn’t escape this. When looking at the average price action over the last 5 years, 10 years, 15 years, and even 20 years, its low point for cotton is often found in November with prices rising on average until March.

Go read the rest: What The Chart Says About Cotton (TraderPlanet)

Disclaimer: Do not construe anything written in this post or this blog in its entirety as a recommendation, research, or an offer to buy or sell any securities. Everything in this post is meant for educational and entertainment purposes only. I or my affiliates may hold positions in securities mentioned in the blog. Please see my Disclosure page for full disclaimer. Connect with Andrew on Google+, Twitter, and StockTwits.

About Andrew Thrasher, CMT

Andrew Thrasher, CMT is a Portfolio Manager for an asset management firm in Central Indiana. He specializes and writes about technical analysis as well as macro economic developments.