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Zhengmian Futures: September 17Th Shrink &Nbsp, Short Break.

2010/9/19 17:13:00 53

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Zheng cotton market

Situation: on Thursday, September 17th, the New York stock market continued to rise, affecting the main contract of Zheng cotton, which opened sharply in the morning. The CF1101 contract fell back in the early days of the Gaoping stock market, and then it was pushed back in the short term to make a steady consolidation. In the afternoon, the short time to make up the purchase price continued to push up the price rise, and the center of gravity moved up. The CF1105 contract was consolidated in the morning market, and the center of gravity was moved up in the afternoon after the bull buying drive.

The main contract day has formed a high opening line, and intra day trading volume has shrunk and positions have been reduced.

The CF1101 contract concluded 181872 hands on the day, 18560 on the day, and 133360 at the end of the contract; the CF1105 contract day was 737124 hands, and the day was reduced by 6674, and the final position was 324244 hands.

Related market conditions: Thursday NYBOT

Cotton futures

It was pushed up by fund buying.

Today, CNCE electronic matchmaking deal has reached 49320 tons. In addition to the low MA1009 contract in recent months, the other contracts were opened up, with a slight concussion in the intraday market and a sharp concussion after the opening of the MA1009 contract. The end of the contract was 90 yuan lower than yesterday. The main MA1101 contract closed at 19910 yuan, up 395 yuan from yesterday.

Basic situation: new cotton Kai Kai area increased, seed cotton purchase price continued to rise, acquisition enterprises are still mostly 200 type cotton enterprises, due to high purchase price and large risk, most large cotton enterprises continue to wait and see.

Up to now, only three grades of lint cotton have been processed, and a small number of pactions have been made. The paction price is about 18100-18500 yuan / ton.

Part

Textile enterprises

Began to buy new cotton, but the three level basically can not find.

16, China's cotton price index (CC Index 328) 18793 tons, up 195429 cotton to plant average price 18360 yuan / ton, up 201.

Technical analysis: on Thursday, the US cotton index and the December contract rose and closed, and the daily line was supported by the 5 day average line. The total adjustment range of the previous day was not annexed. The long term pattern was much more favorable. In December, the 60 minute contract was upgraded after the entire platform was set up, the intraday adjustment was supported by the 20 average line, and the final plate broke through the previous day's high point.

In terms of monthly line shape, the US cotton index has exceeded the pressure of March 1995, September and March 2008 high point, that is, 95 cents line, such as the two breakthrough of the pressure level after adjustment, and the pressure of March 1980 high point, that is, 97 cents first line, should be paid attention to in the short term. At present, the short-term chart RSI7 is highly deviated. The short term may test the callback after the adjustment. If the adjustment can be stabilized and the trend is to break through, the long term rising space is expected to be further opened.

Today, Zheng cotton's CF1101 contract has opened up the upswing line. The rally on the day before the continuation of the line continued to rise again. At last, it resumed all of the screen on Wednesday, with more technical side. The 60 minute graphic jump rose and the price was supported by the average line, and the short line chart Lido.

Zheng cotton CF1105 contract jumped up the middle line, the Japanese line broke through the Wednesday high point, the daily line again formed a relay skip, the long line maintained the rally; the 60 minute figure opened high, broke through the 15 day rebound high point, along the average line upward and broke through the front height, formed the breakthrough to the short line, the middle line also verified the 14 day consolidation interval below the track and the 20 average line support, the short line technical plane is many, but at present 60 minute chart RSI7 deviates, the daily line is in the overbought area three high points deviation, the short line should pay attention to the technical adjustment risk.

Based on the analysis of the weekly line, when the weekly CF1105 contract closed the line again, the weekly line continued to receive four Yang, and the long line continued the strong rally pattern, but the swing index overbought and the short line had callback demand.

Operation suggestion: keep holding more.