Consider buying a call option on March ICE cotton futures.
See on the daily bar chart for March cotton futures that prices have recently made a solid rebound from a multi-month low. See, too, that the Moving Average Convergence Divergence (MACD) indicator has recently produced a bullish line crossover signal, whereby the thick blue MACD line crossed above the thin red “trigger” line. It’s my bias the cotton market has put in a major low and prices will work sideways to higher in the coming months. Consider buying a call option on March cotton futures, with an upside price objective of 88.00 cents, or above. The option expires in late February.
