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People Say ICE Cotton: Cotton Is Going Up And Up 80 Cents &Nbsp, Or The Rally Will Continue (8.6).

2010/8/6 16:36:00 40

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ICE cotton

Stand firm for 80 cents, and the rally will continue.

Overnight, the US CBOT wheat closed down and the ICE cotton delivery inventory dropped to 8614 tons. Multiple factors stimulated the ICE phase cotton to rise substantially. In December, after breaking through the 80 point / pound integer pressure level, it triggered a huge purchase, which rose to 81.78 cents / pound, and the most part of the late profit portion opened up the cotton price. The final contract in December ended up 0.59 cents to 80.06 cents / pound.

If Friday ICE cotton continues to stand firm 80 cents / pound, the pattern of burst will be established, and ICE cotton will challenge the pressure area of 84-87 cents / pound.

Technically, overnight ICE cotton rush to fall back to the sun line, and the December contract stood at 80 cents / pound, initially forming a pattern of breaking up. Currently, the short-term average continues to go up through the medium term average line and continues to rise in a row. The KD and MACD indexes continue to rise. The MACD index continues to grow, and the rally will continue. In December, if the contract can stand firm 80 cents / pound, the upturn space will be opened, and the uplink target will reach 84-87 cents / pound.

domestic

Zheng cotton

Because the market expects us cotton to probably rely on the 80 cents / pound pressure level callback, which leads to weak popularity. Some of the Bulls left the market to maintain a weak pattern in nearly two days.

But with the ICE cotton breaking 80 cents / pound pressure level, the market is expected to fail, the bullish popularity will be aroused, Zheng cotton will rise with the ICE cotton, today's 1101 contract is expected to touch 16800 yuan / ton line, it is recommended to keep the long way of thinking continue to hold more single, increase the stop loss to 16600 yuan / ton line, backed by this support can continue to buy.

(Wanda futures Du Ying)

Breakthrough high attention is effective stabilization

ICE cotton rose sharply last night and broke through the technical resistance level of 80 cents, the basic American cotton export contract slightly reduced, the paction volume was sharp, the current round is expected to break through the strong, concerned about the further technological competition.

Last night

international market

The poor macroeconomic data caused the relative weakness of US stocks and industrial products, and the market participants waited for the Ministry of labour to announce the non-agricultural employment data released tomorrow. Meanwhile, the number of initial jobless claims increased unexpectedly by 479 thousand last week, while the average survey of economists surveyed by Bloomberg was 455 thousand, which made investors nervous. In China, the central bank's monetary policy implementation report in the second quarter yesterday pointed out that the price situation in the second half of this year is more complicated, and the management of inflation expectations needs to be strengthened. At the same time, it is reaffirmed that the moderately loose monetary policy should continue to be implemented.

In the US cotton market, the signed weekly export report released last night showed that the new year's contract has been reduced to 39 thousand and 100 tons as of July 29th, of which China accounted for 31% of the contract. The shipment volume reached 4 tons in the current year, reaching 80 thousand and 700 tons. From a technical point of view, though it is difficult to determine whether the market can break through this trend, the contention in the 2 years will be fierce.

Zheng cotton yesterday went down again, the far month contract is relatively obvious, at the same time the paction shrinkage, positions in September of the month continue to shrink, the market has been repeated, overall look is expected to enter the high interval finishing.

On the operation, we need to buy ideas quickly, or temporarily leave the field to wait and see.

(pioneering futures Dong Shuangwei)

The US cotton fell sharply, showing signs of reaching the top.

On Thursday, the ICE cotton contract opened in December at 79.34, and fluctuated between 79.01-81.78 and us. Due to Russia's ban on grain exports, the US wheat and other agricultural products rose sharply. Cotton was also driven up by 80 cents. After that, it began to increase its volume and rushed up to 81.78 U.S. cents. The market dropped sharply, closing at 80.06 cents, rising 0.59 cents, reaching 0.74%.

Technically speaking, the cotton harvest yesterday received a star line, with 3/4 long shadows. The top of the history of the United States cotton is all the spires. This time, after the strong rise of 80 cents, it was suppressed and fell back, which has been at the top of the cotton history. If the cotton goes below the low yesterday, it will confirm the top.

Fundamentally speaking, the growth of cotton in the United States is in good condition, and the harvest has begun in some areas. The most recent factor is that Russia announced the export of grain and grain products for the rest of the year yesterday, which has caused tremendous pressure on the international food supply, leading the US wheat to the highest level in two years. The cotton was driven by grain inflation. However, this news is only a short-term influence, and it has been digested since yesterday's high inflation. Therefore, it is possible for individuals to maintain the view that cotton is at the top of the period, and the possibility of V reversal is great.

On the domestic side, on Monday, Zheng cotton, like commodities, showed a moderate decline. Cotton belonged to the weakest species on that day. In January, the contract fell at a low level, and it shrank all the way. The lowest fell to 16615, and the final closing was 16635, down 115 points.

Although the US cotton has gone down, it has closed up, but its significance is not different from that of a Yin line. It is expected that Zheng cotton will open below 16600 today, and it will be very likely to make up for the gap on Monday.

On the operation, the empty list can wait for 16600 times to break down and re intervene, and the stop loss can be set to 16650.

(Changjiang futures Wang Jian)