Weekly Cotton Comments
Duane Howell DTN Contributing Cotton Analyst
Fri Feb 27, 2015 05:42 AM CST

Technical buying lifted cotton futures to another new five-month high and into a chart gap this week before profit-taking trimmed the advance.

Most-active May gained 52 points for the week ended Thursday to close at 65.21 cents, trading from 63.75 to 66.24 cents. It climbed to its highest price since Sept. 17 and into a chart gap extending up to 66.60.

Maturing March rose 73 points to 65.17 cents, finding a commercial stopper for four-day delivery notices totaling only 77 lots, while July gained 45 points to 65.64 cents and December advanced 96 points to 65.80 cents. December posted a ...

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