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March cotton closes limit down at $1.679, a more than 8% drop in the 30 hours since the ICE got...

March cotton closes limit down at $1.679, a more than 8% drop in the 30 hours since the ICE got serious about limiting speculation. BAL -3.6%.
Comments (1)
  • Darko Roupell - Harbour Cap...
    , contributor
    Comments (4) | Send Message
     
    the collapse in cotton will be rather dramatic in the next week as the number of low margin speculators will be forced out of the long futures position. It will be timely reminder that what happened to oil in 2008 was not expection but rather inevitable outcome in boom bust cycle.

     

    Parabolic rise will be followed with slippery dip fall.
    6 Feb 2011, 01:50 AM Reply Like
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