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ICE Cotton Technical Chart and Analysis 26th April 2017
Cotton 1707 continued to fall and registered a lower low and a lower high. This suggests that the downtrend is likely to continue. However, market is expected to face support level at 78.75 cents, where a break below will establish a target at 77.97 cents (50-DMA). The Stochastic Oscillator maintains its downtrend, suggesting positive to neutral view.