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Market Impact: 0.25
Cotton Sees Profit Taking Pressure to Close the Week
Source: Nasdaq
Commodities & Raw MaterialsCommodity FuturesEnergy Markets & PricesCurrency & FXMarket Technicals & Flows
Cotton futures posted broad Friday losses of 19 to 114 points, though December stayed resilient with a weekly gain of 303 points. In related risk factors, crude oil slipped by $0.09/bbl and the US dollar index rose by $0.533, suggesting a modest headwind backdrop for commodities into the close.
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mildly negative
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