Cotton

Cotton closed @ 55.06 today, confirming the downward symmetrical triangle pattern. The low of the day was 54.51, which was within 25% of our objective. Therefore, I have moved my stop to breakeven. The market had resistance at its 10 day EMA for it's 5 day in a row and finally closed below its 20 day EMA. Support was found @ an upward sloping trendline off the 3/30 low. I expect the objective to be hit tomorrow.