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ICE Cotton Technical Chart and Analysis 20th April 2017
Cotton 1705 registered a higher high which indicates momentum is strong. Moreover, the Stochastic Oscillator and the RSI have continued to increase, suggesting a bullish sign. The upside target will be at 79.10 cents. However, any downside below 77.14 cents will call off the above targets and the market will continue its bearish rally towards 76.74 cents (50-DMA).