The good new surrounding the cotton trade has BAL trading 10.1% above its 200-day moving average and almost 5.5% above its 50-day line, something not many commodities ETFs and ETNs can say these days. BAL still has more than 6% to go to reach its 52-weak. Combine that with the aforementioned fundamental catalysts and BAL could be offering some near-term upside at current levels.
iPath DJ-UBS Cotton TR Sub-Index ETN
ETF Trends editorial team contributed to this article.