Cotton Continues to Power Through

Cotton has been a good trade in the recent past. But going by the strength and momentum, its time to revise the levels already!

The target we were tracking earlier was achieved last week. With the strong bullish candlestick breakout that we witnessed in Cotton, we have room to go up north further.

The price is currently trading above the level of 29,600 which is the revised risk management level. As long as the price trades above this level, our bullish thesis holds true.

The next target to track would be 38,330. This of course is over the next few weeks and months.

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Hope you enjoyed reading this.

Allstarcharts Team