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Zheng Cotton Futures: August 3Rd Opened High Star &Nbsp, A Large Concussion

2010/8/3 17:19:00 30

Zheng cotton market

Situation: on Monday, August 3rd, the New York Stock Exchange rose, affecting the opening of the CF1101 contract of zhengmian today, and the early morning trading price surged during the long buying period. Then it fell down under the pressure of the closing position, and the market was in a low position. The afternoon bull buying drive pushed the price test again, and the late opening of the stock market was going on again, and the futures price went down.

The CF1009 contract concluded 20094 hands on the day, 9272 on the day, and 38240 at the end of the contract. The CF1101 contract day was 198278 hands, the second hand was 2670, and the final position was 194002 hands.

Related market conditions: NYBOT cotton futures on Tuesday were driven up by the rising agricultural market.

Today, the CNCE matchmaking deal has reached a turnover of 12380 tons. The opening of the stock market was divided. In the past few months, the disadvantaged arrangement began, and the volume of trading increased.

Fundamentals:

Goods in stock

The price remained stable throughout the whole year, and cotton merchants had strong quotations and sell mentality.

Some textile mills have a large quantity of cotton in stock, especially in Xinjiang cotton. The quantity of the mainland's arrival has been increasing. The Xinjiang cotton of a textile group has been pported to nearly 15 wagons a day, and the freight volume of the platform is relatively large, so it has to sell part of it.

On the 2 day, China's cotton price index (CC Index 328) 18229 tons, fell 1429 grade cotton to plant average price 17832 yuan / ton, fell 2.

Technical analysis: on Tuesday, the US cotton index and the December contract adjustment adjusted the upswing line, and the price hit a new high in the current market. Today, the price adjustment has not yet broken the average line support, and the technical level has kept rising. The 60 minute contract in December has gone up after the whole platform has been set up, but the market has been severely damaged. At the end of the price, the platform for the morning trading was broken down, and the market was low in the morning market. The short line was supported by the 30 average line, and the technology was neutral, such as a rebound of 79.5 cents in the market, and the short line may break the previous high. Otherwise, if the low point of the previous day is down tonight, the short line may try to support the 77.5 cents first line.

Today, Zheng cotton CF1101 contract opened up concussion and closed Yang line star, and the price remained above the 60 day moving average.

Shock

The long term pattern is more favorable; the 60 minute pattern is adjusted and the average price of the price test stabilizes, and the gap of the previous day is also a technical support for the price. But in July 1st, the gap was restricted by the gap of the gap. Such as the recent gap in the previous day's gap, the formation of sustained broad shocks and the greater probability of a breakthrough in the market.

Operation suggestion: keep Bullish Thinking and wait for a while.