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Zheng Cotton Futures: September 21St Relay Jump &Nbsp; Incremental Push Up.

2010/9/23 16:53:00 56

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Zheng cotton market

Situation: on Monday, September 21st, New York continued to rise, but at the end of the day, the main contract of Zheng cotton continued to open sharply. The early adjustment of the CF1101 contract was pushed up by the short stop stop, and the market was sealed again at the end of the day. The CF1105 contract was consolidated under the promotion of long buying, and the center of gravity moved up and down in the afternoon. At the end of the day, the strength of the terminal was strengthened under the support of short back support, and the line formed under the 1/2 line was enlarged.

The CF1101 contract concluded 267412 hands on the day, 15366 on the day, and 116084 at the end of the contract. The CF1105 contract day was 1588808 hands, the second hand was 3574, and the final position was 326798 hands.

Related market conditions: on Monday, NYBOT cotton futures were postponed and Asia's demand rose strongly, but the market ended off the high point.

Today, CNCE electronic matchmaking trading reached 85180 tons. The match continued to open. The contract in recent months was stronger than in the month. The intraday market was still rising, and the contracts continued to rise at the time of closing, which was lower than yesterday.

Order quantity

The same increase.

Fundamentals: spot prices have risen slightly, and spot trading is still scarce.

Cotton enterprises started to increase their scales.

Unginned cotton

The price of the purchase continued to rise and the water was bigger.

In Hubei, weather improved, seed cotton grades improved, and some medium flowers began picking.

Affected by rising cotton prices, textile enterprises are watching more and more.

20, China's cotton price index (CC Index 328) 19445 tons, up 217429 cotton to plant average price 19008 yuan / ton, up 238.

High fall and long contract line price break 100 days later, but the daily price is still below the average, but the daily line is still on the moving average, and the daily line is still on the average. In December, the 60 minutes of the contract form a high level, forming a consolidation platform. After that, it breaks down the track of the platform and breaks the 20 moving average at the end of the day. There are signs of weakness in the short term, but the 30 average line has not been broken yet. The short term pressure level of today's early rally is up to 101 cents. The short term can be concerned about the pressure of yesterday's high point. If it can break through the market, it will continue to rise. If it continues to adjust, it should pay attention to the support of 99 cents. If it breaks, the short line may test the 97.2 cents line. Technical analysis: Monday's US cotton index and December contract rush.

Today, Zheng cotton's CF1101 and 1105 contracts have opened up strongly after adjustment, and the CF1101 contract has closed down. The daily line has once again formed a relay jump and a new high, the technology plane continues to rise; the 60 minute graphics open high, the 5 day average line rises, the technical side breaks through the day's consolidation interval, and the short line continues the strong market pattern.

Operation suggestion: keep holding more.