Technical Analysis of Cotton: 22 April 2017
Analysis done based on data till 21 April 2017
Cotton bulls broke most Resistances - although on lower volume!
There might be a pull-back before Cotton breaks ~79.50 before heading towards 84.
*The US Cotton #2 Futures Chart on Investing.com shows a break of 80 (the charts varied this week!)
Now, Cotton should get Support at 78-79 (which were Strong Resistances earlier).
*It faced Resistance at 78 in Aug '16 and at 79 during 1st week of March '17.
Hope to do next analysis in a week.
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