Archive for November, 2013

Mar 14 gained 123 points today, largely on heavier than expected snowfall sweeping across west TX, to settle at 78.46. The settlement was within the upper one quarter of today’s 159 point trading range (77.25 – 78.44). Today’s trading action left a narrow gap below the market at 77.23 – 77.25.

For tomorrow, our directional call is for a …

Mar 14 was a 97 point loser this week as it traded within a tight 280 point range (76.55 – 79.45) that saw both the upper and lower gaps from last week filled. Mar 14 threatened to post a gain for the week, but data showing that China’s imports from the US were lower for both month-over month and year-over-year metrics, drove the market down 170 points to fresh lows for the current downtrend.

For us, it all reduces down to…

Mar 14 lost 112 points, largely on data evincing YOY decreases of cotton imports into China, today to settle at 77.23. The settlement was within the lower one half of today’s 179 point trading range (76.65 – 78.44) as Mar 14 made both a fresh low and settlement for the current downtrend. Volume quickened today, with approximately 17K and 23.1K lots traded for Mar 14 and in aggregate, respectively. OI decreased on Thu in aggregate and for Mar 14; OI stood at approximately 111.9K and 154.2K for Mar 14 and across all active contracts, respectively.

For Mon, our directional call is for …

Mar 14 posted a 58 point gain today, surging to an intraday high of 79.45 before retracing to settle at 78.14. The settlement was within the lower one half of today’s 183 point trading range (77.62 – 79.45) that saw the overhead gap at 78.50 – 78.59 easily filled; a gap now exists below the market at 77.56 – 77.62.

For tomorrow, our directional call is conditioned on US net sales figures on the export report in excess of…