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Cotton continued its bullish run all week, challenging the top end of the yearlong-plus trading range until price resistance at 86 cents halted the advance.
Cotton prices are challenging the short-term resistance at 84-85 cents, essentially trading at a three-month high.
The 78-83 cent trading range continues to provide price support on the lower side and price resistance on the upper side and will likely be dominant into the March contract’s first notice day.