Your symptoms are consistent with a radiculopathy of the C6 or C7 nerve. You report no motor weakness which is a big plus. Your MRI report is somewhat confusing as it reports foraminal stenosis at C6-7 from a spur but also an associated “tear of the annulus at this level and this the most prominent bulge”. I am not sure if this indicates a herniation or not.
I think cervical traction has its advantages and disadvantages. For foraminal stenosis from a bone spur causing root compression, traction can be effective. For a hernation, it is not as effective. For facet disease, it can flair up the symptoms.
The next step is a consult with a pain management physician that performs diagnostic injections (selective nerve root blocks). An injection should be both diagnostic and therapeutic. This injection might give you long term relief.