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Some more weakness in cotton market
06 Apr '07
3 min read
Another day of consolidation for the May, though today had a more negative slant on it after a higher close yesterday. Little in the way of true range again, but we are beginning to see some more indicators pointing towards lower prices. Moving averages are both trending lower, with the 9 day now at 53.33 and the 50 day at 53.65.
There has not really been a trend whatsoever in the last month, which has made it a particularly frustrating market to trade for speculators and commercials alike. Momentum is still neutral, with the RSI at 43.28.
Click here to view graphical presentation:
There has not really been a trend whatsoever in the last month, which has made it a particularly frustrating market to trade for speculators and commercials alike. Momentum is still neutral, with the RSI at 43.28.
Click here to view graphical presentation:
ECOM USA Inc
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