For only the second time in seven sessions we had an inside trading day. The USD bounced hard today almost 1% higher off of further currency concerns at the end of the trading day in Europe. Commodities pulled back for the most part but cotton managed to close just under unchanged. Volume was good again today with 25k and there was only 26k left open in H'10 as of this morning.

Export sales will not come out until Friday but not expected to be very impressive. Overall the technical bull trend is still in place but fundamentally demand has certainly cooled off this week with China on holiday and the market trading near the highs of the recent 4 month range between 65/75. Expect the week to close firm as H'10 FND is Monday and there is a good stopper for the cert stock.