DTN Closing Cotton Commentary
Duane Howell DTN Contributing Cotton Analyst
Fri Jan 3, 2014 03:03 PM CST

Cotton futures fell to sharp losses Friday after hitting overbought technical readings, finishing with a weekly reversal to the downside.

Spot March settled off 110 points to 82.94 cents, just off the low of its 129-point range from up 15 points at 84.19 cents to down 114 points at 82.90 cents. It hit its highest intraday price since Oct. 18 on Tuesday and finished the week at a five-session low close.

The May contract dropped 109 points to 82.93 cents, July fell 106 points to 82.92 cents and December slipped 78 points to 78.16 cents. For the week, the market ...

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