(March 25, 2002) COTTON: Cotton prices have held weekly support levels to keep the long-term trend bullish. If Cotton can break above 4000 (prices closed at 3920) the next level of resistance is 4350. This is beginning to look like the onset of a strong bull trend in Cotton, which will erase most of last year's sell off. If rumored drought conditions materialize this summer, this market could become explosive. Let's not lose sight of the fact that prices remain extremely depressed.
