Consider Buying a Call Option on ICE December Cotton Futures
See on the daily bar chart for ICE December cotton futures that prices have been beaten down hard recently but are now well oversold. See the RSI reading of 15.76. Any RSI reading below 30.00 suggests a market is overdone on the downside. Also, there is key longer-term technical support at the 66.00-cent level in cotton futures that halted a price downtrend in 2012. Consider buying a call option on December cotton futures, with an upside price objective of 74.00 cents, or above. The option expires in early December.
