New York cotton futures traded sideways this week, as December moved up 65 points to close at 64.67 cents. Since trading at a low of 62.02 cents on August 1, trading has turned a lot more two-sided, as new trade buying has emerged and ...
The market has felt deflated ever since the wild ride on March 26, during which the spot contract shot up to a high of 97.35 cents/lb before dropping more than 500 points below that level by the end of the session. From a technical ...
Tags: Cotton Futures, Xinjiang cotton
From a technical point of view the market did resolve the flag formation that we had mentioned last week and broke out to the upside, which propelled March to a six-month high, while May traded at its best level since April 2012. On ...
Tags: Upward Trend, Cotton Futures
ICE Cotton gained over 4 cents for the week on the back of spec buying, improved technicals and rising open interest, and the continued rawdown of US cotton stocks through strong export sales (223k overall). Although domestic basis levels ...
Tags: Cotton Trends, Textile
Ever since reclaiming the 82 cents level about a month ago, the market has gone nowhere, closing the last 20 sessions in a very tight range of just 242 points, between 82.24 and 84.66 cents. The changes in the CFTC spec/hedge report tell ...
Tags: Cotton Futures, Textile
ICE Cotton had its best week since August, gaining almost 400 pts to settle at 83.22 c/lbs basis H4. The USDA WASDE release on Tuesday was a non-event – failing to include an increase in US exports as had been expected by many – ...
Tags: ICE Cotton, Textile
Traders have remained rather indecisive, as they are torn between a tight supply situation nearby that justifies firm prices until new crop arrives and a potentially bearish outlook thereafter. As a result we have a market that is stuck ...
NY futures moved sideways this week, as May added 26 points to close at 88.46 cents, while December gave up 45 points to close at 87.37 cents. The main feature this week was the USDA Prospective Plantings report, which was released ...
Tags: US cotton, cotton, cotton industry
NY futures had a mixed performance this week, as March dropped 155 points to close at 81.40 cents, while new crop December gained 123 points to close at 82.38 cents. With the trade throwing everything but the kitchen sink at the short ...
Tags: NY, Cotton Futures, Mixed Performance
The battle between spec longs and trade shorts has turned more even this week, as the market yo-yoed back and forth in volatile fashion. After the parabolic move to 84.00 cents last Thursday, the March contract corrected to a low of 80.18 ...
Tags: volatile fashion, cotton futures, NY
GigOptix Inc of San Jose,CA,USA(a fabless supplier of semiconductor and optical components for high-speed information streaming)will join the Russell Microcap Index on 25 June when Russell Investments(a subsidiary of The Northwestern Mutual ...
Tags: GigOptix, Stock, Index Fund, Market
Recent housing data suggests that 2012 may be the year of turnaround in the housing markets. While a healthy recovery for the markets still seems far away, the prices are now bottoming out. As a result of improving sentiment, the home ...
Tags: industry trends, timber, ETF, housing