COTTON outlook on September 11, 2014

Cotton December futures rebounding this week from multi-year support levels. Nest resistance @ 67.72 (August high) and 68 (mid-July consolidation area). If these are exceeded, there may be more upside to come after the epic fall of the last quarter. Multi-day support @ 65.90, 64 and 62.

COTTON, DEC14 futures daily chart:

COTTON_daily_20140911

Chart courtesy of Barchart.com. http://barchart.com

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