People Say ICE Cotton: Cotton Turns Or Goes Down Or Up Again.

High concussion finishing the future is still good

Last night international market In the midst of adjustment or shock, the US dollar has gone down, and its role in boosting commodities has also appeared to be limited. The overall market for agricultural products has been affected by Russia's rainfall on Thursday and Friday, and has been adjusted to a slight decline in the ICE period.

The positive data that the international market is hard to show in the overnight market is still pressing the market. The US stock market is picking up, with a slight rise and fall and a slight turnover. On the news side, the US manufacturing index of New York in August was 7.1, lower than the general expectation of the market. In August, the housing builders' confidence index ratio fell 1 points to 13 points, a new low in 17 months (since March 2009), which once again showed that the real estate market in the United States was still weak. Moreover, in the two quarter of March 2009 (GDP), the growth rate of the Japanese market slowed sharply, and the personal consumption obviously weakened. International ICE cotton, both technical and basic support price spikes, international observers optimistic about the impact of the current round of 92 cents above the high space, the latest ICE fund position report shows that the weekly speculative net bull rate increased for third consecutive weeks, as of August 13th increased by 2.4% to 12%, the fund continues to look good.

　　 Zheng cotton The opening of yesterday's high position reduced the position of the stock market, which has accelerated the accumulation of some profit margins in recent years, which has an adverse effect on the market. The average price of the basic reserve cotton yesterday was down 85 yuan to 18039 yuan compared with the previous day, and the highest price was 18760 yuan. Adjust the operation and continue to buy ideas. (pioneering futures Dong Shuangwei)

Long position suppression ICE Cotton futures Rally

On Monday, there was no change in market fundamentals. Some of the Bulls left the market after the cotton price rose to more than 84 cents / pounds, which inhibited the increase in ICE cotton. In December, the contract fell 0.16 cents to 84.02 cents / pound, but the upward trend has not changed. The cotton price is far smaller than the market expectations. The ICE cotton market is still in a strong position. In the face of good fundamentals, speculative buying is expected to continue to push up cotton prices. If the December contract can stand 84 cents per pound, the next target will be 87 cents / pound.

Technically, although the ICE cotton is reported to be small Yin, the short-term increase is too high, resulting in the cotton price far from the short-term average line support and facing the need of revision. While the EMA system maintained a good multi head rise, while the KD and MACD indexes continued to rise in a long way, the MACD index red column was running high, and the ICE cotton is still in a strong technological trend of rising. It is expected that the December contract will challenge the April high point pressure of 87 cents / lb after the 84 cents / pound line dressing. It is suggested that the Bullish Thinking continue to bullish on the ICE cotton stage.

Zheng cotton long because of the yarn price drop and other factors lack of confidence, a large number of long profit out of the field to curb Zheng cotton's driving force and space, resulting in the 1101 contract is difficult to break through 17265 yuan / ton pre high pressure level. However, the spot cotton price has remained stable in the fierce situation in the State Cotton store transaction. The price of zhengmian is still lower than the spot cotton price. It is expected that with the advent of the new cotton market, the deviation pattern will be reversed. In the future, Zheng cotton is expected to continue to climb slowly. It is suggested that we keep the long way of thinking unchanged, and rely on the 17265 yuan / ton pre high pressure point to insist on a lot of orders, relying on the support of 17000 yuan / ton integer support to make up more orders again, so as to support the loss of many single stop losses, and to increase the position of 17265 yuan / ton pressure level can continue to buy small quantities. (Wanda futures Urumqi Sales Department Du Ying)

Cotton small adjustments, the overall rally has not changed.

ICE cotton futures fell slightly on Monday. The most active December contract fell 16 points to 84.02 cents. After the opening of ICE cotton futures, the price rose sharply, and the prices in the afternoon were repeated up and down. There has been a slight adjustment after the recent rise in cotton prices. On the one hand, the decline of the market is the suppression of profit making. On the other hand, the overall performance of the overnight agricultural products is poor, and the price of wheat has dropped sharply. The weather in the Midwest of the United States is favorable for the growth of crops. This has led to a big fall in CBOT cereals futures in the afternoon, and cotton prices followed. But the fundamentals of the cotton market have not changed. This adjustment does not mean the end of the upward trend.

Domestic cotton imports are showing a slight downward trend. Yesterday, the 328 cotton price of the national cotton trading price was 18257 yuan / ton, down 85 yuan / ton compared with the previous auction day. At present, the annual transition from the supply and demand shortage year to the expected supply gap in cotton is basically supported by the bull market trend of cotton. The focus of the market is on the growth of new cotton and the current weather conditions. Domestic rainfall has caused some impact on cotton in some areas, but the situation needs assessment and data. Although the spot price is slightly lower, Zheng cotton futures do not seem to have any signs of falling. (Haitong futures Zhengzhou Sales Department: Zhang Jianwei)

U.S. cotton fell slightly, high adjustment

On Monday, the ICE cotton contract opened at 84.18 in December, fluctuated between 83.72-84.18 and us, and the volume decreased, and the fluctuation was not large. As a result of more single profit, the cotton futures fell slightly, down 0.16 cents, closing at 84.02 cents, reaching 0.19%. Technically speaking, cotton futures in December received a shadow line with a shadow. RSI dropped slightly, but it is still in the overbought area. The weekly indicators show that there is a need for adjustment, while the K-line entity is always on the line of the K-line on Friday, closing at 84 cents, always maintaining a strong strength. Whether it reaches the top or is adjusted to a higher level, it still needs to continue to observe. If the cotton stays at 84 cents and keeps the center of gravity moving upward, it may be ready to rise. Investors need to observe closely. Fundamentally speaking, the low global inventory is the main factor to support cotton prices. However, due to the coming of the new cotton market in late August or early September, the cotton price is expected to be suppressed. On the international side, Japan's GDP growth slowed down in the second quarter, there was a risk of stagnation, and the manufacturing activity index of New York in the United States increased by 7.10, lower than the market forecast of 8.5, and the uncertainty of the global economy in the future will bring certain pressure on the cotton futures rally.

On the domestic side, Zheng cotton remained at a high level on Monday, reducing its stock and reducing its turnover. The turnover was light and the volatility was small. It fluctuated at 100 points throughout the day, closing at 17155, rising 35 points. On the other hand, the weighted average price in August 16th was 18039 yuan / ton, which was 89 yuan lower than the previous day, and it was 18257 yuan / ton (net weight), which was 85 yuan lower than the previous day. The average daily price of the transaction decreased, which had a certain impact on spot price and futures price. Therefore, on the operation, we suggest that we should check more profits and watch more carefully. (Changjiang futures Wang Jian)