Zhengmian Futures: In July 12Th, It Increased &Nbsp And Broke Down.

　　 Zheng cotton market Situation: in July 12th, the rebound in New Zealand last Friday affected the opening of the CF1009 contract of Zheng cotton, and the number of short positions and short selling in the intraday market slipped and the day line formed a high opening line. Zheng cotton CF1101 contract opened high and plunged, and before noon, the short selling volume plunged and the price dived, and the afternoon was low. Then, the anti bullets were supported by the scattered short back and long buying support, and the day line formed a high opening line. The intra day trading volume was enlarged and the positions continued to increase significantly. The CF1009 contract concluded 39622 hands on the day, 1430 on the day, and 100964 at the end of the contract; the CF1101 contract day was 304102 hands, and the day was reduced by 19162, and the final position was 223144 hands.

Related market situation: last Friday NYBOT cotton Futures rebounded. Today, CNCE electronic matchmaking deal has reached 19340 tons, which has been matched up to a higher level and has been affected by the partial weakness of the spot market. The intraday concussion is down, and the market is down by 100 yuan.

Basic situation: Cotton traders see the electronic disk is weak, spot prices are stable, and shipments will be cleared. In the past two days, shipments of cotton and cotton merchants were increasing, but the quotations were still high, with a weak level of 18500 yuan / ton around three. Spinning enterprises believe that the price is higher than the psychological price, and expect to be several hundred cheaper. 9, China's cotton price index (CC Index 328) 18419 tons, up 5429 cotton to plant average price 18054 yuan / ton, up 14.

Technical analysis: on Friday, the US cotton index and the December contract reversed the closing line, and the short-term technology side dropped, but today Morning plate Low open adjustment, technical surface can not effectively repair the first two days of the shock form, the middle line pattern for stop finishing form, the technical side is still empty; 60 minute chart to form a downlink channel, on Friday try again 73.55 cents first line to get support. On Friday, after going up, it formed a consolidation on the high line on Wednesday. Today's early adjustment has been adjusted downward, and the short line has formed a horizontal interval oscillation pattern, and the direction is uncertain. From the weekly line analysis, when the December contract closed the star line, the period price was blocked by the 20 week average line, the 30 week average line was broken down, and the long line form continued to weaken.

Today, Zheng cotton CF1009 contract opened up and down the line. The price was down by the 10 day moving average. The low level and the 20 day moving average of the day before the end of the session were weakened. The long term technical side was weakened; the 60 minute figure opened up and slipped, and the price was adjusted by the recent adjustment of the upper body rail, namely the June 30th and July 8th high point tangent level, but the next box was down, and the short line was still running in the downstream channel.

Zheng cotton CF1101 contract opened higher and lower, and the market price was higher than before. When the price was higher, the gap between the day before and after the test was blocked, and the day before the day broke down. The pattern of shorthand arrangement was strengthened. The 20 minute moving average of the 60 minutes was blocked down, and the low price of the day before consolidation did not form any effective support for the price. The end of last year covered the gap of the gap on Friday, and the price dropped on the previous Thursday.

Operation suggestion: CF1101 contract empty list continues to hold. (personal view, for reference only Huang Tao)