Cotton Futures---Cotton futures in the March contract are trading at 71.52 up about 75 points to start off the trading week still stuck in an extremely tight channel consumed in a very tight consolidation in my opinion and looks to be breaking out relatively soon so keep a very close eye on this market as I'm not sure which direction it's headed.

Cotton prices are trading below their 20 but still above their 100 day moving average which stands at 69.62 which is just an eyelash away and I would think if that level is broken a bearish trend could develop as the commodities are starting to be affected by the strong U.S dollar which is sharply higher once again.

At the current time this is basically a technical trade as prices have gone nowhere since the month of July and are stuck in a 200 point range over the last 3 weeks as I would have to think there is a breakout looming as the 10 day high and the 10 day low are close together therefore lowering monetary risk.TREND: MIXED--LOWER –CHART STRUCTURE: EXCELLENT