Zhengmian Futures: September 1St Low Opening &Nbsp; High Seismic Location.

　　 Zheng cotton Market conditions: on Tuesday, September 1st, the New York Stock Exchange fell sharply, affecting the main contract of Zheng cotton, which opened slightly today. The two sides continued to move to the warehouse in the long run. The end of the day was strong, and the daily line formed a small line. The intra day trading contracted and the forward position position continued to increase. The CF1101 contract concluded 63220 hands on the day, 6834 on the day, and 140464 at the end of the contract. The CF1105 contract day was 91514 hands, the second hand was 5918, and the final position was 123184 hands.

Related market conditions: Tuesday NYBOT Cotton futures are depressed by profits. Today, CNCE electronic matchmaking deal has reached 24080 tons. In addition to the closing of the MA1009 contract in recent months, the remaining contracts of MA have significantly increased. The trend of MA is near weak and far stronger, with a slight decrease in turnover and a slight increase in orders.

Fundamentals: Goods in stock Prices continued to decline slightly, the market generally traded, textile enterprises still dominated by cotton auction. At present, the number of cotton seeds on the market is about 36%, the moisture regain is 15-16%, and the purchase price is high. In Hubei Caidian area, the purchase amount of seed cotton has increased, and individual enterprises can receive more than 90 thousand jin in half a day, and it is expected that processing will reach three. Anhui Anqing Wangjiang also sporadic cotton listing, Turpan, Hami in Xinjiang also have cotton enterprises began to buy sporadic. On the 31 day, China's cotton price index (CC Index 328) 18005 tons, fell 13429 grade cotton to plant average price 17603 yuan / ton, fell 23.

Technical analysis: on Tuesday, the US cotton index and the December contract fell to the high line of the shadow line, and it broke through the previous high point. Today, it broke through the previous high point. Today's early trading is stabilized. The daily line is supported by the average line, and the technical plane maintains the trend of upward shock. The 60 minute chart of December contracts to form a high spot before breaking the high level after the formation of the cross section of the contract for the last 87 minutes. However, the final set has fallen below the early stage of the finishing line. The pressure of the average line is tested upward in the early morning after finishing the test. The short term may continue to adjust, such as a breakthrough of 87 cents tonight, and the short term may retest the previous day's high point. Conversely, if the downward adjustment is concerned, we should pay attention to the supporting role of the 85.7 cents line.

Today, Zheng cotton's CF1101 and 1105 contracts have closed down and picked up a small line. The price has been highlighting the finishing line on the previous day, and the long-term trend has kept rising. Before the 60 minute figure adjustment test, the low point of the consolidation area in the afternoon has been supported and rebounded, and the short run stagnation has been consolidated. The strong market arrangement after the technology keeps rising, and the short-term pattern is also much more favorable. The CF1105 contract, such as the post market adjustment, can be concerned about the supporting role of the 17830 line. The following should be concerned about the performance of the price in the 17750 line.