DTN Closing Cotton Commentary
Fri Mar 8, 2013 02:47 PM CST

Cotton futures rebounded off their lows set early in the day to close modestly lower in the nearby contracts and higher in the new crop issues.

May futures closed down 16 cents and July was down 8. October closed 37 higher and December was 29 higher.

Late in the session the stochastic K line crossed the D line and moved below it on the May chart, a brief hint that the market is turning lower, but by the end of trade the two indicators were near equal again. On the July chart the K line crossed below the D line ...

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