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People Say ICE Cotton: Cotton Shock Interval Or Down.

2010/7/21 15:56:00 47

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The international market is not strong enough. The 73 cent of ICE cotton is in danger.

Last night, the US stock market picked up and drove industrial metals, crude oil and gold to rise. Most of the agricultural products were still at a high level of adjustment, and the ICE cotton market was down to 73 cents.

Overnight,

US stock market

To suppress the market, but since the market expected US Federal Reserve Chairman Ben Bernanke to deliver a two day congressional speech from Wednesday, and said that the Fed will take additional measures to stimulate economic growth, and lighten investors' worries about the economic growth prospects, the US stocks reversed the sharp decline in early days and pushed other industrial metals, precious metals and crude oil to rise. Cotton, under the pressure of strong cotton production, the fund was still unable to attract attention because of the lack of comparative investment advantages after the fund was reduced to more than one single purchase. At present, the strength of the textile purchase is still insufficient. From the technical point of view, the 73 cents important price break down probability continues to increase, and the lower interval platform will be in the 70-71 cent interval. The company opened up sharply and dropped nearly 147 points, such as Goldman Sachs Group.

The domestic market is rising strongly in the stock market, which is expected to indicate that the bottom is established, and that the commodity market will benefit from the intermediate rebound.

Zheng cotton yesterday opened the interval oscillation, the paction was stable, the position nearly reduced far increased, from the basic position and the position contrast, the market in recent months on Monday reached a historical high of 18410 yuan, after the oscillation finishing, is still expected to go up to a new high.

On the operation, we should focus on the trend of more than 16000-16300 single warehouse positions in January, or pay attention to 1105 contracts.

(pioneering futures Dong Shuangwei)

Worried about economic recovery ICE

Stage cotton

Down again

As the market worried about the bumper harvest of American cotton and the uncertainty of world economic resurgence, it again started selling, and the ICE cotton challenge fell 75 days after losing two consecutive days. The overnight contract in December fell 0.61 cents to 73.01 cents / pound, the lowest in the session to 72.96 cents / pound, a nearly 5 month low.

At present, the cotton market itself has not changed. The new cotton exports are smooth, and consumption is not weakening as expected.

Based on concerns about increasing production and slowing economic recovery, market sentiment is still depressed. ICE cotton is still showing a pattern of continuous outflow of capital. Before market sentiment returns, the weakness of ICE cotton is likely to continue. If 73 cents per pound is lost, it will not rule out the possibility that ICE cotton will continue to fall.

Technically, the ICE cotton December contract challenged the 13 day moving average and then dropped back to the support level of 73 cents / pound.

Cotton price

Showing a downward trend, while the average system to maintain a good fall in the arrangement, KD and MACD indicators continue to fall short of the arrangement does not change, the weak will continue, the support of 73 cents / pound may be lost.

However, the MACD index green column will continue to shorten, the decline kinetic energy will be reduced, and the cautious drop will be appropriate. It is expected that the ICE phase cotton will continue the 73-75 cent / pound cross section area.

Domestic cotton Tuesday maintained a weak pattern due to lack of popularity. Although the 1009 contract remained strong, there was no sign of massive inflow of funds in the market, and lack of funds and popularity support. Zheng cotton was unable to get rid of the weak position and could continue for another 16000-16400 yuan / ton in the short run.

It is expected that Zheng cotton will drop again along with the US cotton market today. It is expected to hit a short-term support of 16200 yuan / ton, and keep the short-term buying strategy of low shocks and bargain prices appropriate.

(Wanda futures Du Ying)

Medium cotton fell, then low.

On Tuesday, the ICE cotton contract in December opened at 73.69, fluctuated between the 72.97-74.29 US division, the prospect of the US high yield of cotton and the uncertainty of the global economic recovery caused investors to sell, making the cotton performance in a low fashion, resulting in a decline of 72.97 in the US cotton market, a new low of 72.97, a closing of 73.01 cents at the end of the month, and a decrease of 0.61 cents in the medium range.

In December, the technology of the United States cotton received a shadow line, with a shadow, closed below the average, the low point and the high point to move down again, forming a downward wedge, the probability of short-term concussion is too large.

There is not much change in fundamentals. The output of US cotton is expected to increase substantially. This bad profit will continue to suppress cotton prices. The only factor that can reverse the situation is the consumption of China in the new year. The consumption of the new year in China depends on the increase and decrease of the output of the new year. It is still uncertain.

On the domestic side, on Monday, Zheng cotton's performance in January was weak, and it shrank again and again, with a slight decrease of 65 points. The rush rate in September did not lead to a long month, which was mainly due to the pessimism arising from the poor trend of US cotton.

Today, it is expected that Zheng cotton far month will remain weak. The possibility of a sharp fall is unlikely. The probability of weak shocks is bigger. In September, it will maintain the upward trend and continue the trend of "forcing the warehouse".

On the operation, September can not be caught up, while the early January can continue to hold.