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Strategies & Market Trends : Commodities - The Coming Bull Market

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To: craig crawford who wrote (312)6/21/2001 11:27:24 PM
From: craig crawford  Read Replies (2) of 1643
 
June 21, 2139 GMT/1739 ET
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NY Cotton Review: Climbs in dramatic technical correction

Chicago, June 21 (BridgeNews) - New York Cotton Exchange cotton futures
closed sharply higher. Funds aggressively covered shorts in a technical
correction that briefly rocketed Jly to the 300-point daily trading limit.
After four consecutive 15-year lows in Jly and losses of almost 400 points,
selling interest finally paused, traders said, leaving the spot month to
rebound as funds exited net shorts ahead of first notice day on Monday.
Buy-stop orders were triggered, which added momentum to the rally.
( Story .3600 )
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