The Cotton future dull so far today at $83.8, while in the midst of a bearish run

Having lost $1.9 over 5 days, Today is looking a bit better: Cotton trades at $83.8 per pound, after ending Friday at $83.85.

Cotton's upper Bollinger Band® is at $88 and the lower is $81.02.

Despite muted price action in ICE Cotton, 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 up 0.92%.

Furthermore, the market is looking at United States Consumer Price Index figure is projected at 0.3%. It previously stood at 0.4%; data will be released tomorrow at 12:30 UTC. United States Core Consumer Prices figure is projected at 0.4%. It previously stood at 0.4%; data will be released tomorrow at 12:30 UTC. United States Consumer Price Index is expected tomorrow at 12:30 UTC.

The commodity has been trending positively for about 2 months. A year ago ICE Cotton reached a significant high of $145.58 but has consequently lost 42.4% since then.