Bearish Cotton mostly flat today, trading at $82

While on an 11 day downtrend Today is looking a bit better: Cotton trades at $82 per pound, after ending today at $82.05.

Cotton's upper Bollinger Band® is at $86.48 and the lower is $80.41.

Despite muted price action in the Cotton future, chart analysis indicates it is positioned for a bullish run in the short term.

Meanwhile, mixed performances are seen in other Softs as Sugar is down 9 cents from the beginning of the session and now trades around $26.

Data to be released later is expected to clarify investor sentiment while boosting price action volatility as United States Building Permits (May) is scheduled for tomorrow at 12:30 UTC.

Trading mostly sideways for 3 months. The Cotton future reached a significant high of $143.51 around 11 months ago but has lost 42.83% since then.