As I have said before, don't assume this market can't go down until you run out of money. Cotton supplies are well beyond ample and into the burdensome category. When it finally makes a low, you'll be able to tell. It'll be going up instead of down. More sloppy action out of the juice.
Technical trade is the dominant feature.
With winter approaching, we should keep an eye on this market for signs of a low. Don't assume OJ will rise into the winter and the freeze season. It might be January before any buying appears, and OJ could have declined by 30 cents. Use your charts for signs of a low. All Rights Reserved.