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TFC Commodity Trading Forum

March Cotton/Breaking out/Again! *PIC*

March Cotton bounced off 145 support for weeks bumping up against 152 resistance a couple of times. Price has finally blown through resistance once again and so far today has even crossed above the Island Reversal high gap up in mid Dec. A very impressive comeback from a mid range support level. Not something one sees every day. The lower momentum indicators continue to show a loss of momentum getting weaker each time up. Anyone trading this market needs to be on his toes for sure.

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March Cotton/Breaking out/Again! *PIC*