Consider buying a put option on December cotton (CTZ26) futures.
See on the daily bar chart for December cotton futures that prices have sold off sharply this week and negated a price uptrend, to suggest a near-term market top is in place. Longer-term price charts show cotton futures prices were pushing into thin air, historically. See, too, at the bottom of the chart that the moving average convergence (MACD) indicator has just produced a bearish line crossover signal, as the blue MACD line has crossed below the red trigger line.
Cocoa Prices Tumble as Supplies Increase
Coffee Prices Finish Sharply Lower on Supply Pressures
Harvest Pressures Weigh on Coffee Prices
#macd
See on the daily bar chart for December cotton futures that prices have sold off sharply this week and negated a price uptrend, to suggest a near-term market top is in place. Longer-term price charts show cotton futures prices were pushing into thin air, historically. See, too, at the bottom of the chart that the moving average convergence (MACD) indicator has just produced a bearish line crossover signal, as the blue MACD line has crossed below the red trigger line.
Cocoa Prices Tumble as Supplies Increase
Coffee Prices Finish Sharply Lower on Supply Pressures
Harvest Pressures Weigh on Coffee Prices
#macd
2 months ago
