BAL (cotton ETN) offers an objective although somewhat aggressive short entry here following the break of the minor (dotted) trendline in anticipation of a breakdown below the bearish rising wedge pattern (solid white line). Daily chart below.
BAL daily Jan 28th
Likewise, /CT cotton futures offers an objective short entry on this minor trendline break with a current preferred swing target (T2) zone of 0.9380-0.9200 with a likely reaction following the initial tag of T1. Daily chart of /CT followed by the daily & weekly charts of $COTTON (futures continuous contract) below.
CT daily Jan 28th
$COTTON daily Jan 28th
$COTTON weekly Jan 28th