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

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.

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.

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.