Consider buying a call option on March ICE cotton futures.
See on the daily bar chart for March cotton futures that prices have just hit a six-week high and a bullish “rounding-bottom” reversal pattern has also formed. The cotton bulls have gained near-term technical momentum to suggest prices will continue to trend sideways to higher in the coming weeks. Consider buying a call option on March cotton futures, with an upside price objective of 88.0
0 cents, or above. The option expires in early February.
