90 Cent Cotton Has Become More Difficult Target

Cotton fell through support at the 84 to 85-cent level last week, closing Friday at 83.58 (a total decline of 1.59 cents). In an attempt to recover, prices moved back above the 84-cent mark. If a recovery fails, the next level of support appears to be at 82 cents.

Is there a chance to return to the 90-cent area? It's not impossible, but there will be more obstacles to overcome.