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ICE Cotton Technical Chart and Analysis 30th December 2016
Cotton 1703 has registered a higher high which indicates that the short term trend is still positive. A rise above yesterday high will target the 72.21 cents. However, a fall below yesterday low will resume the downtrend with 68.66 cents. Meanwhile the Stochastic Oscillator and the RSI are heading up, suggesting higher price movement in the near term.