Home >

Zheng Cotton Futures: In September 20Th, Kaifeng Stopped &Nbsp, And Shut Down To Kill.

2010/9/20 17:27:00 69

??? 日本語(yǔ) Fran?ais English 中文

Zheng Cotton Futures

Zheng cotton market

Situation: in September 20th, New York continued to break through last Friday.

Long term pressure

Position affects today

Zheng cotton

The major contracts were sharply opened, and the main contracts were adjusted in early trading, and then sealed off at the end of the short stop.

The CF1101 contract concluded 22166 hands on the day, 1910 on the day, and 131450 at the end of the contract; the CF1105 contract day was 85298 hands, and the day was reduced by 1020, and the final position was 323224 hands.

Related market situation: last Friday, NYBOT cotton futures continued to rise and record high.

Today, CNCE electronic matchmaking deal has reached 17860 tons. The rally continued the previous day and opened up sharply. In addition to the MA1009 contract, the rest of the MA contracts were close to or had been trading, and the turnover became flat, and the order volume also decreased significantly.

Fundamentals: as part of the cotton production area clears up, cotton farmers pick up, and some of the 400 type plants have begun to take part in the acquisition.

Cotton seed purchase and purchase grade of cotton enterprises have been raised in Hubei area, and cotton enterprises have continuously raised their prices.

Hubei, Anhui, Hebei, Shaanxi and other places slightly better seed cotton purchase price reached 4.2-4.5 yuan / kg, the water is still 15-17%.

19, China's cotton price index (CC Index 328) 19228 tons, up 223429 cotton to plant average price 18770 yuan / ton, up 204.

Technical analysis: last Friday, the US cotton index and the December contract continued to rise, closing the line in early trading today, breaking through the 100 cents mark, maintaining a strong rise in the daily line, and breaking up the short-term platform after the 60 minute breakthrough of the day before the breakthrough.

In terms of weekly line analysis, last week's US cotton December contract took a long line and the price reached a new high. The weekly line broke through the high point in early March 2008 to receive the solid line, while the long line kept rising, but RSI7 and KD were in the overbought area.

In the 35 month period from 1974 to 2009, the US cotton index has been fluctuating between the 29-97 US regions, and the US cotton index has exceeded the highest level since 1980, reaching the highest level since 1974.

Today, Zheng cotton CF1101 and 1105 contracts have been opened sharply after adjustment. The price has successfully broken through the twenty thousand pass, and the long term has accelerated; the 60 minute graphics open up to form a short-term relay jump and close to the limit, and the technical side is also much more profitable, and the volume of turnover is shrinking today, the reduction of the warehouse volume is not large, and the way to kill the bull by multiple ends is obvious.

Operation suggestion: keep holding more.

(personal view, for reference only, Huang Tao)