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ICE Cotton Technical Chart and Analysis 20th November 2017
Cotton 1803 registered a higher high which indicates momentum is strong. Moreover, the Stochastic Oscillator and RSI have continued to increase, suggesting a bullish sign. The upside target will be at 69.95 cents, followed by 70.11 cents. However, any downside below 69.00 cents will call off the above targets and the market will continue its bearish rally towards 68.88 cents (14-DMA).