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ICE Cotton Technical Chart and Analysis 19th December 2016
Cotton 1703 easily breaks its support level at 71.03 cents (30-DMA), while formed a lower low on daily chart indicating more downside on the way to 68.78 cents in coming session. However, a correction will be limited at 71.27 cents (14-DMA). The Stochastic Oscillator and the RSI are inched down, suggesting some negative view.