The Main Force Is Mostly Empty &Nbsp; The Test Of Cotton Fall Is Supported.

First, futures market review

Two. Analysis of important factors

News: June 10th, according to data from the Ministry of agriculture of India, as of Friday, the cotton planting area in India jumped 39% from last year to 2 million hectares, raising the volume and export prospect of the second largest cotton production in the world.

In the 2010/11 market year (September), cotton production in India is expected to reach a record high of 31 million 200 thousand bags.

Increasing the planting area to boost output will help the government decide to increase exports.

External news: US cotton July contract closed 150.03 cents / pound, down 0.68%.

Cotton futures closed higher on Friday, as investors followed up buying, analysts said the worst drought in Dezhou, the largest cotton growing area, overshadowed the weakening of the peripheral market.

Domestic spot market: in June 13th, China's cotton price index (CCIndex328) was 24551, down 5.

Spot discount for July was 949 yuan.

Due to the widespread stoppage of processing in textile enterprises, the capacity of most enterprises has declined, and the hoarding stock of cotton yarn is still serious, resulting in textile enterprises' raw materials.

Matchmaking deal: in June 13th, the cotton trading market of the national cotton trade reached 9320 tons, an increase of 2240 tons compared with the previous trading day, a reduction of 2440 tons of orders, and a total purchase order of 74100 tons.

Today, the market has shrank, and the market has dropped sharply.

MA1109 average price of 24902, down 350 yuan.

Main trend: according to the top ten positions, today's zhengcotton total contract ranks more than 10 in the first 16720 positions to 16720 hands to 105664 hands, shorting 1497 to 146584 hands.

Clearance single 40920 hands.

Today's main net clearance has increased significantly, and Yongan seats have largely turned empty.

Change of warehouse receipt: today, Zhengzhou No. 1 cotton warehouse receipt is 596, and it is effectively forecast for 428.

Three. Technical analysis

Cotton 01 contract: today the small line.

The highest point is 24555, the lowest point is 24160.

In terms of technical indicators, RSI and KDJ are downward; MACD downward, and the red column decreases.

Today's 5 day moving average down the dead end, under the 20 day average line support.

Short term 24000 also has support.

Four, investment proposals

Cotton fell sharply today.

Judging from the spot market, the price of yarn has been dropping, and the price of lint has also declined slightly, and the spot production losses have increased.

There is news that the number of factories that stop work has increased, which is also a blow to the market.

Although the market has plummeted today, the trend of short-term technology has not been completely damaged, and is still in the concussion interval after the fall in June 8th.

From the external market, CFTC holdings show that short-term institutions to increase holdings of empty list, there will be some pressure on the market outlook.

In the short term, if Zheng cotton falls below 24000 of the important support, the central line should only leave temporarily.