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Zhengmian Futures: Changyang &Nbsp In September 10Th, A New High.

2010/9/11 14:12:00 53

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Zheng cotton

Market conditions: on Thursday, September 10th, the new contract was adjusted. The main contract of Zheng cotton was opened today, and the early morning trading was rebounded under the bull buying drive. The afternoon forward contract was added up to drive the short term contract back to fill the purchase, and to push the price upwards. The main contract closed at the end of the day, and the daily line grew up. The volume of intra day CF1101 contract declined slightly compared with the previous day, and the volume of CF1105 contract changed little.

The CF1101 contract concluded 156912 hands on the day, 994 on the day, and 115840 at the end of the contract. The CF1105 contract day was 802498 hands, the second hand was 53122, and the final position was 292510 hands.

Relevant

market conditions

NYBOT cotton futures fell slightly on Thursday.

Today, the CNCE matchmaking deal has reached 59900 tons. The market has maintained the upward trend. The average price of the other contracts has risen sharply except for the average contract price in recent months.

Fundamentals:

Goods in stock

Continued small increases, the paction increased.

Most cotton enterprises believe that the risk is not large enough to wait for the purchase of medium term flowers.

Seed cotton purchase area is still mainly in Hubei, Anhui and Hunan Lixian, the purchase price is relatively stable, generally in 3.8-4 yuan / Jin, the moisture content is around 15%, the new cotton price is quoted at 18000 yuan / ton.

9, China's cotton price index (CC Index 328) 18135 tons, up 25429 cotton to plant average price 17748 yuan / ton, up 3.

On Thursday, the US cotton index and the December contract rose after adjusting for the overhang of the Yin line star, and finally closed on the 5 day moving average. Today's early opening is rising. The downward trend can be seen as a technical adjustment. In December, the 60 minute graphic downlink test took 7 days, 9 days, two low points tangent points and 90 US mark points to get the support back, and the price shock was supported by the average line, and finally broke through the recent consolidation intervals, that is, the tangent points of 7 and 8 days, but on the same day, the height of the test was blocked down on the 8 day. Technical aspect analysis:

Today, Zheng Mian CF1101 and 1105 contracts have opened up to take up the long line, the Japanese line has broken through the Wednesday high and the new high has been achieved, the long line has continued to strengthen the pattern of multi headed arrangement; after 60 minutes, the 20 average line has been picking up and upward after the opening of the graph, and the short line broke the high point of the previous day and then rose along the EMA.

Based on the analysis of the weekly line, when the main contract of Zhou Zhengmian receives the Yang line and the weekly line receives three yang, the long term rising pattern is completely confirmed, but the swinging index is overbought, and the central line should be cautious of adjusting the risk.

Operation suggestion: keep holding more.

(personal view, for reference only, Huang Tao)