December cotton (CTZ25) futures show a selling opportunity with prices trending lower and hitting a contract low. U.S.-China trade tensions and the rise of synthetic fibers have hurt the market. A move below 64.00 cents in December cotton futures could trigger a selling opportunity, with a downside target of 60.00 cents. Technical resistance is at 66.00 cents.
Read more at Yahoo Finance: As China Shuns U.S. Ag Products, Make This 1 Trade Now
