Wednesday, 27 April 2011
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Cotton May Decline 12% by June, Beijing Capital Says: Technical Analysis
Cotton traded in Zhengzhou may drop 12 percent from yesterday's close to 24,000 yuan ($3,685) a metric ton by June, according to technical analysis from Beijing Capital Futures Co. The 24,000 yuan level is estimated using point and figure chart analysis, Huang Xiao, research manager at the Beijing- based brokerage, said by e-mail yesterday. The attached chart shows futures may first decline to
http://bit.ly/eIxRUe
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