December cotton (CTZ26) futures remain in a downtrend, with rallies seen as selling opportunities

The article argues that December cotton (CTZ26) futures remain in a downtrend, and that the recent rebound is a chance to sell. It says fundamentals point to ample global cotton supply, with China cutting back U.S. cotton imports and consumer preferences shifting toward synthetic fibers. On the chart, a break below 78.00 cents would put 71.00 cents in view, while resistance is seen at 81.00 cents.