NY futures extended their decline this week, with December falling another 351 points to close at 68.55 cents. The market continued its relentless slide, driven by the same dynamics we talked about last week. The market’s weakness ...
Tags: NY Cotton Futures, Decline, Textile
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
NY futures resumed their uptrend this week, as May rallied 380 points to close at 91.61 cents, while December gained 171 points to close at 79.55 cents. After meandering sideways for the past six weeks, unable to generate much ...
Tags: Cotton Futures, Cotton market, Textile
The market has been flat-lined in November, with the March contract closing the last 20 sessions in an extremely tight range of less than 200 points, between 77.23 and 79.19 cents/lb. One of the reasons for this anemic market is that ...
NY futures edged up slightly this week, as December gained 75 points to close at 85.47 cents, while March advanced 72 points to close at 85.18 cents. After a string of dull, low volume sessions, the market finally showed some signs of ...
After trading to a low of 82.11 cents last week, downside momentum faded and the market was able to move slightly higher this week, with December closing today about 300 points above important long-term support at 81.72 cents. The lack of ...
Tags: NY Futures, Textile
When the market moved above a two-month old triangle formation on Wednesday, it generated a flood of new spec buying that lifted the December contract to its highest close in over 15 months. Today’s high of 89.42 cents came within ...
Tags: Cotton Prices
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 ...
The market hasn’t been kind to anyone betting against July, be it outright shorts or those ending up on the wrong side of the July/Dec spread, as the spot month exploded for a gain of over 1200 points in just nine sessions. July ...
Tags: NY Futures, Textile
NY futures jumped this week, as July rallied 474 points to close at 84.87 cents, while December gained 256 points to close at 85.39 cents. After nine consecutive losing sessions at the end of May, during which the spot month lost more ...
NY futures gave up additional ground this week, as July fell 225 points to close at 83.23 cents, while December dropped 180 points to close at 83.28 cents. Spec liquidation and a lack of trade buying continued to depress values this week, ...
NY futures continued to slip this week, as July gave up 126 points to close at 85.48 cents, while December dropped 58 points to close at 85.08 cents. The futures market remained under pressure as hedge funds continued to exit commodity ...
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 March contract traded to an 8-month intraday high of 78.18 cents, although it settled shy of the 77.98 cents closing high of August 31. Also, while March was able to briefly break above its 8-month sideways range, May, July and December ...