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Technical Analysis #C-COTTON : 2016-03-14

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 14, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Upward correction from lowest since 2009 Cotton is correcting upwards after hitting a fresh 7-year low late February. The bullish momentum was triggered by the strong US external trade indicators. US cotton export rose 7% in a week to March 3 still being below the latest 4-week average volume. Will the cotton prices continue edging upwards? We believe the news from India could have been another growth factor. The India’s government cut the royalties of the US Monsanto almost by 70% for use of

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