Cotton futures eased on Thursday, under pressure from technically-driven selling after prices touched overbought conditions and hovered below Tuesday's near three-month high.
The most-active March cotton contract on ICE Futures U.S. closed down 0.6 cent, or 0.7 percent, at 84.04 cents a lb.
Spot prices hovered under Tuesday's high of 85.29 cents a lb, the strongest level since early October.
Even so, the March contract was seen as technically strong as it closed above its 200-day moving