March cotton futures (CTH26) present a selling opportunity on more price strength, as prices are trending lower and not far above recent contract lows. Weak U.S. cotton export sales, including to China, and changing consumer trends favoring synthetic fibers are bearish factors. A move below 64.00 cents would give bears fresh power, with a downside target of 60.00 cents. Technical resistance is at 66.00 cents.

Trading commodity futures and options is volatile and risky, not for everyone. Consider financial experience, goals, and resources before investing. Understand obligations and risks by reviewing disclosure documents. Jim Wyckoff did not have positions in securities mentioned. Information in this article is for informational purposes only.

Read more at Yahoo Finance: Weak Demand Has Hurt Cotton Prices. 1 Trade Idea Here.