NEWS
Weekly Cotton Comments
Duane Howell DTN Contributing Cotton Analyst
Fri Feb 5, 2016 04:53 AM CST

A retreat from an 11-session high around a pivot area gained momentum as cotton futures triggered sell stops this week on the way to a new low close for the move in heavy, spread-laden volume.

Spot March lost 113 points for the week ended Thursday to settle at 60.23 cents, its lowest finish since Oct. 2. It poked back-to-back days to and just above 62.50 cents, a resistance area where heavy fresh selling initiated a downswing to 59.99 cents -- 54 points from the contract low.

May shed 121 points to close at 60.70 cents, July fell 125 points to ...

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