ICE Cotton Harvest 24 Days
Intercontinental Exchange (ICE) cotton gained 24 days.
Investment
They followed up buying support, and analysts said that cotton futures last week (October 22nd week) hit a rebound after the 14 month low.
The ICE index rose 0.84 cents in December cotton and closed at $0.9794 / pound, with a range of 0.9696 US dollars / pound to 0.9839 dollars / pound.
The December contract broke for the first time in about four weeks, breaking through the trading range of 0.98 US dollars to 1.04 dollars per pound.
The initial data of famous media showed that the turnover volume of 24 days exceeded 12000 hands, which was about 10% lower than that of 30 days.
Independent
cotton
Analyst Stevens (Mike Stevens) pointed out that
Stage cotton
Unable to hold above $0.98 / pound, it means that it will drop to a new support near $0.93 / pound.
ICE data showed that as of October 21st, the cotton market was closed at 157290 hands and 156328 hands in October 20th.
The outstanding position is the highest level since the beginning of June.
ICE data also showed that 21 cotton turnover was 15069 hands, the previous day was 22529 hands.
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