Demand Issues Keep Driving Cotton’s Four Cent Trading Range

By Dr. O. A. Cleveland

Cotton Grower

Cotton muddled through the week, spending most of its time near its heretofore support level at 71 cents. It appears that the market will try again to break that support and visit the very high 60s before making a run back to the 74-cent level. Thus, the narrow four cent trading range between 70.50 and 74.50 continues to be the most respected trading range.

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