March 3Rd ICE Cotton Review: Peripheral Good Small Recovery

The reason for a slight pickup is that commodities and stock markets are stronger.

The most active May

23 points higher, 41.72 cents per pound, the recent March contract closed 23 points, 40.52 cents per pound.

Today, we opened high and rushed up to 42.30 cents in the morning.

In the middle market, the May contract fell to 41.39 cents.

But after the stock market opened high, the contract rose to 42.83 cents.

The remaining time, the market shock upward, the textile mill buys a little, the stock market basically does not have the fluctuation, the Chicago stock exchange soybean and the corn mostly strong.

Crude oil is also strong.

Will continue to follow the peripheral market, though

The technological energy keeps pushing the market forward.

One analyst said that cotton futures had been fully oversold and cotton could soon return to 43 cents in May.

The resistance level was 41.85 cents, 42.75 cents and 43.60 cents in May.

03 months 40.52 +23 40.52-40.80

05 months 41.72 +23 41.39-42.38

07 month 43.07 +16 point 42.90-43.70

December 47.36 +16 point 47.00-47.90