Nov 28 (Reuters) - ICE cotton rose 1 percent on Tuesday
supported by technical buying and slower than expected harvest
progress in the United States.

Cotton contracts for March settled up 0.72 cent, or
1.01 percent, at 72.14 cents per lb. It traded within a range of
71.02, its lowest in almost a week, and 72.29 cents a lb.

"The upward movement seems largely to be technical," Louis
Rose, co-founder and director of research and analytics at Rose
Commodity said, adding "there's also the slower than expected
U.S. harvest progress."

weekly crop progress report showed 79 percent of the cotton crop
was harvested in the United States by the week ended Nov. 26, up
from 74 percent in the previous week.

Traders were however expecting about 90 percent of the crop
to be harvested.

"Technically, the market could rival the 75 cent level,
basis March, but that seems unlikely given the amount of
physical cotton that remains to be hedged," Rose said.

Total futures market volume fell by 6,391 to 26,073 lots.
Data showed total open interest gained 1,168 to 234,499
contracts in the previous session.

Certificated cotton stocks <CERT-COT-STX> deliverable as of
Nov. 27 totaled 47,951 480-lb bales, unchanged from 47,951 in
the previous session.

The dollar index was up 0.42 percent. The Thomson
Reuters CoreCommodity CRB Index, which tracks 19
commodities, was down 0.22 percent.
(Reporting by Eileen Soreng in Bengaluru
Editing by Chizu Nomiyama)