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Stock Market "Cup" &Nbsp; Cotton "To Force"

2011/1/18 18:49:00 77

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First, futures market review

Zheng cotton main contract 09 opened 28790 yuan, closed at 29040 points, up 0.76%.

The turnover is 477506 hands, and the positions are reduced by 460 to 233132 hands.

Two. Analysis of important factors

Message: January 14th, according to a report released by the Cotton Research Association of Chinese Academy of Agricultural Sciences on Friday, China's cotton production in 2010 dropped 14.6% to 5 million 700 thousand tons, due to abnormal weather conditions and crop yields.

External news: US cotton March contract closed 142.17 cents / pound, down 1.25%.

Cotton futures

On Friday, it fell and was dragged down by the selling and selling of the Central Bank of China and the announcement that the deposit reserve ratio of the financial institutions should be raised.

China's spot market: January 17th, China

Cotton price

Index (CCIndex328) was 27725, up 6 points.

The current price difference relative to the closing price of the 1101 contract is -1575 yuan.

In January 17th, China's cotton import price index (FC Index M) was 172.26, down 2.70.

The import cost is 29052 yuan per ton according to the tariff of 1%, and the price is 29410 yuan per ton according to the quasi tax price.

Matchmaking deal: in January 17th, the cotton trading market of the national cotton trade reached 10860 tons, compared with the previous trading day, which reduced by 9160 tons, the order quantity reduced by 360 tons, and the total order quantity was 87720 tons.

Today, the market is going up and down.

MA1101 average price of 28312 yuan, up 17 yuan.

MA1105 average price of 28818 yuan, up 156 yuan.

Main trend: according to the top ten positions, today's zhengcotton total contract ranks more than 10 in the first 1512 positions to 1512 hands to 82344 hands, shorting 2870 to 67456 hands.

Net more than 14888 hands.

Today, the main force is short and short positions.

Warehouse receipt change: today's Zhengzhou No. 1

Cotton warehouse receipt

For 177, the effective forecast is 249.

Three. Technical analysis

Cotton 09 contract: Today rose slightly.

The highest point is 29210, the lowest point is 28740.

Technical indicators, RSI upward; KDJ downward; MACD upward, red pillar smaller.

Today, cotton is filling up the gap, and there is a possibility at the bottom of the short term.

Four, investment proposals

Today, cotton is affected by the report of the Academy of Agricultural Sciences on the reduction of output, although it has opened lower because of the decline of the US cotton, but then rebounded and made up 29000 of the gap.

Today, the stock market has fallen very fiercely, and the commodity has been relatively resistant. Especially in the unfavorable condition of the US cotton falling, cotton is still strong and relatively strong.

The recent rise in yarn prices has made the company slightly profitable, but still struggling at break even point.

From the capital side, the main position is still firm, and the short-term decline is limited.

After the market has stabilized 28500, the short term or the continuation of the shock market.

Due to Martin Ruud Kim's memorial day, the US cotton will be closed tonight, and tomorrow morning's market will also see the news of the market tonight.

In view of the weak performance of the stock market, or will drag down the trend of commodities, it is not advisable to do more.

Operation, the central line to continue to hold more, control the warehouse.