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Zheng Cotton Futures: Picked Up &Nbsp In July 30Th And Strengthened In The Short Term.

2010/7/31 16:20:00 34

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On Thursday, July 30th, the new period rose, today.

Zheng Mian CF1009

The contract opened at a high level, backed up by the shorts and back up. It rose in the afternoon and formed a positive line on the daily line.

Zheng cotton CF1101 contract opened slightly higher, early morning shock finishing, afternoon bull buying and short back to support the strong, the daily line forming a positive line, intra day trading volume shrinkage, a slight increase in positions.

The CF1009 contract concluded 20680 hands on the day, 13388 on the day, and 60744 at the end of the contract. The CF1101 contract day was 131912 hands, the second hand was 2712, and the final position was 198482 hands.

Relevant

market

Situation: NYBOT cotton futures rose on Thursday.

Today, the CNCE electronic matching paction has reached 19020 tons, matching the concussion of the contract in recent months. The far month has obviously increased with the support of resource overdraft, and the volume is relatively moderate, and the order volume continues to decrease significantly.

Fundamentals: affected by the expected increase in policy pressure, big and small factories are waiting to see that they will be closed.

Cotton Traders lowered their sales quotations slightly, but there was very little turnover, and the sale of downstream yarn was sluggish, with a price drop of about two thousand or three thousand yuan per ton, and some of the larger textile factories began selling cotton and reducing inventories.

29 days in China

cotton

Price index 328 level reported 18238 yuan / ton, fell 9 yuan, 429 cotton to plant average price 17847 yuan / ton, down 14 yuan.

Technical analysis: on Thursday, the US cotton index and the December contract rose on 1/3's line of shadow line, which hit a new high in the intraday market. The period price rose by the support of the average line. It broke through the 60 day moving average at the end of the day. It continued to go up in the morning, and the technical side was much higher. After 60 minutes, the figure rose and then fell, and the price was supported by the 60 average line. It recovered most of the declines in the day before today, such as the continuation of the upward trend in the market can be concerned about the former high pressure, whereas the adjustment can be concerned about the supporting role of 76.5 cents.

Today, Zheng cotton CF1009 contract rose small line, Sunday engulfing the day before the film high point, the price is supported by the 10 day average, the pattern of long line Lido slightly strengthened; 60 minutes after the formation of the test after the formation of a whole platform, the short form is also good.

Zheng cotton CF1101 contract rose to close the line, the Japanese line broke through the previous day's high point and gained strength on the 30 day average line, the supporting role of the short line 10 day moving average, the central line still vibrate in the box formed in the earlier stage, the 60 minute graph along the average line uplink, broke through the short line pressure level 16420 first line technically, the short line has the strength sign, after the market can pay attention to the upward box body upper rail pressure function.

With weekly line analysis, when the weekly CF1101 contract closed 1/2, the weekly line rose for two weeks to recover most of the previous declines. RSI14 moved upward from the 50 line, and the kinetic energy declined, but the price was suppressed by the 10 week EMA. The long term line had not yet fully restored the weak market pattern.

Operation suggestion: CF1101 contract remaining empty single stop out, temporary wait and see.

Personal view, for reference only) Huang Tao