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TFC Commodity Trading Forum

March Cotton/ Bumps Resistance/Sells Off *PIC*

March Cotton continues to trade between support and resistance. Price bumped up against it's double top resistance area and sold off hard. Price is trapped between 141 support and 152 resistance. With the bearish Island Reversal above 152 a cross above 152 that consolidates in a tight range would be bullish. A break either way that holds will determine next direction. Meanwhile it's nice channel to trade.