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ICE Cotton Technical Chart and Analysis 5th October 2017
Cotton 1712 showed a positive activity through out the session and closed at 68.84 cents. If the gain continues the next target will be at 69.50 cents. However, sustaining over 68.50 cents is good for market, where a break below will invalidate the negative view and we may see further slide towards 67.76 cents. Furthermore, Overall market sentiment is still choppy.