{"id":112,"date":"2025-06-21T14:25:47","date_gmt":"2025-06-21T14:25:47","guid":{"rendered":"https:\/\/50yeartrader.com\/blog\/?p=112"},"modified":"2026-09-30T21:26:26","modified_gmt":"2026-09-30T21:26:26","slug":"cotton-futures-molokai-weak-sister-wall","status":"publish","type":"post","link":"https:\/\/50yeartrader.com\/blog\/cotton-futures-molokai-weak-sister-wall\/","title":{"rendered":"Cotton Futures: Low-In-The-Saddle Molokai and a Wall"},"content":{"rendered":"\n

Cotton futures show a promising Molokai, an ugly Weak Sister and a short-term Wall. Here is how Goodman traders read the chart.<\/p>\n\n\n\n

“Every Dog Has His Day.”<\/p>\n\n\n\n

The Long-Term Chart<\/h2>\n\n\n\n

Here is the long-term chart of cotton futures.<\/p>\n\n\n\n

A promising Low-In-The-Saddle Molokai began to propagate nicely; then along came the ugly Weak Sister!<\/p>\n\n\n\n

At the 1-Hour level, prices have built what Charlie called a Wall. We can begin to look for a short-term Buy Setup to form here.<\/p>\n\n\n\n

The long-term Return is around 84 cents; we’ll set that as our objective if and when we get to Trade the Line mode.<\/p>\n\n\n\n

\"Cotton
Cotton futures. Chart courtesy of Investing.com.<\/figcaption><\/figure>\n\n\n\n

This post is educational commentary on chart structure using Goodman Wave Theory. It is not investment advice. Trading futures and FX involves substantial risk of loss.<\/em><\/p>\n\n\n\n

Good Trading!<\/p>\n\n\n\n

Michael Duane Archer<\/p>\n\n\n\n

Related Reading<\/h2>\n\n\n\n