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Zhengmian Futures: November 19Th High Opened Down &Nbsp; Incremental Shocks.

2010/11/19 17:32:00 65

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Zheng cotton market

Situation: on Thursday, November 19th, the New York Stock Exchange climbed to a daily limit, which affected the main contract of Zheng cotton and opened up early in the early afternoon. After a short selling day, the low turnover rate increased, and then rebounded from the low point under the impetus of the short back subsidy. The Japanese line formed a high line of 1/2 shadow line. The intra day trading volume enlarged and the forward contract position increased.

The CF1105 contract concluded 1942408 hands on the day, 8530 on the day, and 185474 at the end of the contract. The CF1109 contract day was 1469550 hands, the second hand was 12468, and the final position was 138570 hands.

Related market conditions: NYBOT cotton futures rose on Thursday, reaching a daily limit.

Today, the CNCE electronic matching paction has reached 26840 tons, matching a large opening. However, due to the sharp decline in the previous period, the market has cautiously followed up, and the disk has not received a good price and price match.

Fundamentals: a large cotton enterprise in Shandong is down again.

lint

The purchase price has been reduced by 500 yuan per ton, and the number of vehicles to sell has increased since yesterday. There are a hundred cars on sale in one day, and the four level paction price is 27500 yuan -27900 yuan / ton.

Cotton processing enterprise acquisition almost ceased, there is no market price, generally hanging four level price 5.8-6 yuan / Jin, but the sale is very few, only cotton traders are more anxious, part of the processing plant daily purchase quantity is almost zero, the larger processing plant purchase quantity from the previous daily more than ten thousand jin, dropped to several Jin Jin.

Today Xinjiang cotton platform pickup price gross weight is 30000 yuan / ton.

The downstream yarn quotation is confusing and difficult to sell.

On the 18 day, China's cotton price index (CC Index 328) 28852 tons, fell 555429 grade cotton to plant average price 28229 yuan / ton, fell 299.

Technical analysis: Thursday

American cotton index

And the March contract picked up the closing line, the day before the line engulfed all the decline, but failed to break through the 20 day moving average, today's early opening flat callback test the 30 day average line to fall, the long line pattern is still empty; in March, the 60 minutes of the graph was increased by the average line support plate, the final price limit was closed, but the price has not yet exceeded the 130 cent pressure level. Today's early morning glides down again to try Wednesday low point to stop and rebound.

Today, Zheng cotton CF1105 and 1109 contracts opened up to close down the shadow line of 1/2 under the shadow line, and the period price did not exceed the star high point of the previous day, and the Japanese line continued to oscillate under the 20 day moving average. The neutral pattern of the central line was neutral; the 60 minute high figure blocked the 20 average line descending after the 30 average moving down, and the 20 average line of the late Rally test was blocked, but the price failed to break the previous day's low point. The central line's October 25th consolidation area and the gap were still supported.

According to the analysis of the weekly line, when the CF1105 contract closed the star line, the CF1109 contract closed the Yin line star, the weekly line was low, the reverse cycle was reversed, the weekly KD line fell back, the weekly KD line showed high reverse crossover, and the technical side was relatively weakened.

Operation suggestion: CF1109 contract is strictly held in a small amount of empty space.

Trading day

Pick up and break out of the 27400-27500 interval, and vice versa, if you continue to descend, you can pay attention to the performance of the 25500-26200 interval.