Cotton Correction Over?

06/25/2008 12:00 am EST

Focus:

Thomas Aspray

, Professional Trader & Analyst

The correction in Oct. Cotton held well above the 50% support at 74.18. Volume low on pullback to 20 EMA was light, also positive. Candle formation Tuesday suggests correction may be over. Long est. on a stop above 77.80, stop under day's low at 75.80. Target at 83.

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