What’s Up, What’s Down: Spotlight on Softs

Comments for October 6, 2011

Looking ahead to Thursday by reflecting back on Wednesday’s Trading


SOFTS: 10/6/11

SUGAR: Sugar had just under a one hundred point range settling higher but only by eleven ticks. It’s present consolidation formation looks bearish to me meaning sugar could eventually break out lower. SELL SIGNAL. CALL FOR DETAILS.

001 chart

COTTON. Cotton settled slightly higher still in a good support area but keeping me on the sidelines for now with no good direction in my opinion since July.

002 chart

COFFEE: Coffee settled higher again but overall has been dropping since the beginning of September. There isn’t a good resistance area nearby however. 

003 chart

For trading information on Monday, October 10, 2011 [Columbus Day], please see the complete schedule posted at my website’s HOT TOPICS page


Rick Alexander has been a broker and analyst in the futures business for over thirty years. He is a Vice-President for Sales and Trading at the Zaner Group (www.zaner.com) a Chicago-based futures brokerage firm. Email Rick at ralexander@zaner.com or call toll-free (888) 281-4158.

Futures and options trading is speculative in nature and involves substantial risk of loss. Futures and options trading is not suitable for all investors. The information in this Report and the opinions expressed are subject to change without notice. All known news and events have already been factored into the price of the underlying commodities discussed.