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ICE Cotton Technical Chart and Analysis 20th July 2017
Cotton 1710 registered a lower low but at the end market almost recovered the intraday losses to close at 69.52 cents. Currently, cotton 1710 is trading above the 14-DMA. If the market hold the ground, the initial target will be at 69.83 cents, which could later extend to 70.50 cents. Moreover, the RSI has inched up, suggesting some bullish view.