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(March 8, 2002) COTTON: May cotton gave back 62 points of its recent gains and from the days high of 3845,c per pound to close at 3783c. The USDA report was within expectations with no surprises so traders evened up in front of the weekend. While the trend indicates higher prices, we would position ourselves with minimum size on the long side of futures but with stops.

John L. Caiazzo
www.acuvest.com
E-mail: futures@acuvest.com

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