Cotton (Update)

About a week back I wrote:  "there is some potential support in this 130-150 area.  We touched the top end of this range today.  Let's see if we get a bounce from somewhere in this area in the next few days.  You saw the first real signs of buying in 3 weeks with the lower shadow on today's candle.  I expect some lower prices before we get a significant bounce."  Since then we saw a brief rally followed by lower lows, another brief rally followed by lower lows.  The market made 3 new lows as momentum slowed down: the RSI showed bullish divergence and the MACD got a bullish crossover a few days back.  All this took place in the 130-150 zone (low was 142.06).  The market closed today at 159.86 for a nice 10+ point rally.  Let's see if it goes and tests 175-180 zone, which was previous support.