Today, Zheng Cotton CF1109 Contract Opened High, Short Selling Down.

Market situation of Zhengzhou cotton: in December 6th, the New York stock market closed again on Friday. Zheng cotton The CF1109 contract opened high, and after early trading, it fell down in short selling. The centre of gravity moved down in the afternoon, and the end of the session was bulled by the bull.

The CF1105 contract concluded 179542 hands on the day, 11148 on the day, and 100064 at the end of the contract. The CF1109 contract day was 1861900 hands, the second hand was 24770, and the final position was 243704 hands.

Related market situation: last Friday NYBOT Cotton futures were boosted by speculative buying and closed at a daily limit. Today, CNCE electronic matchmaking deal has reached 19700 tons, matching a large opening, the tail shock downward, the monthly contract Yin line closed, the main force closed on the previous day's average price, the transaction has contracted, the order quantity has increased.

Basic situation: spot transactions increased slightly, textile enterprises had more enquiries, and still received fewer goods. Cotton enterprises Sporadic sale. The processing plant slightly raised the purchase price of seed cotton, and a small portion of cotton farmers sold it at a price of 5.1-5.6 yuan / Jin. On the spot there are Xinjiang cotton Xinjiang cotton three class shipment 28000 yuan / ton, public weight, self mention. Downstream yarn is still sluggish, and textile mills buy cotton linen by order. 3, China's cotton price index (CC Index 328) 26351 tons, up 102429 cotton to plant average price 25755 yuan / ton, up 70.

Technical analysis: last Friday, the US cotton index and the March contract jumped to a higher level and the price broke through the 20 day moving average. The price broke through the from November 17th to 19th Highline and the 20 day moving average. Today, the market opened a high level of adjustment and the technical side was high. The 60 minutes along the average moving line rose, and two days later, it formed a two relay gap gap. The price broke through the high rebound point in November 19th. It was adjusted earlier today, and the price was not broken by the average and 130 cents mark. The adjustment could be regarded as a slight departure from the RSI7 repair, for example, in the backmarket rally, the short line may be on the high line of November 16th, or 138 cents. According to the analysis of the weekly line, when the Zhou Meimian index takes a long line, most of the declines in the first two weeks of the week return, and the price rises to the 5 week average.

Today, Zheng cotton CF1105 and 1109 contracts opened up to close down the small line. The CF1105 contract test blocked the 20 day moving average, but the central line still maintained a lot of arrangement. The 60 minute figure opened the day to fill the gap, and adjusted the unbroken average line support at the end of the day, and maintained the pattern of short-term upward shock. And the intraday trading center moved upward to the high point of November 19th and the previous day's high point, and the technical side was relatively large.

Operation suggestion: CF1109 contracts are more carefully held.