After moving lower for two consecutive days, cotton futures reversed their losing skid and rallied strongly on Tuesday. The lead December contract saw the largest gains on the board and rallied 166 USC points, finishing just off 74 cents by the end of the session after running into resistance in the 74-75 cent level that has stymied the price rally in recent weeks. Trading volume in the cotton market rose to nearly 30k contracts yesterday, up almost 50% from MondayΆs total. Traders continue to watch weather forecasts in West Texas and in India, where precipitation chances seem to have turned less favourable in updated forecast models.