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Technical Analysis #C-COTTON : 2015-10-14

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 14, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Markets concerned by probable cotton deficit The cotton prices hit the high of three weeks after the US Department of Agriculture (USDA) downgraded its production forecast. The additional factor contributing to price growth is the farmers strike in Pakistan. The cotton chart has formed the channel tilted upwards. Will the price reach the upper channel line? In October report USDA has downgraded the US cotton production forecast in 2015/16 to 13.34mln bags of 480 pounds each from 13.43mln in

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