Cotton little lower

20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.

New York Cotton futures are trading steady to a little lower Monday morning. December Cotton is trading at 64.35, down 0.29. March Cotton is trading at 64.15, down 0.35. Chatter about weather for U.S. crops is making the rounds. Market talk about the worst decline in Chinese equities since 2007 has kept both buyers and sellers active overnight. Market chatter about end of month positioning this week is beginning to show up. Trading is expected to remain choppy.

20-Year Pro Trader Reveals His "MoneyLine"

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