10.19ICE Cotton Fell Slightly &Nbsp, And Was Hit By The Selling Of Some Speculators.

ICE cotton fell slightly on the 19 day, and spreads led the market trend.

Because of the uncertainty of the global economy, a small number of investors are selling down the cotton market.

Comprehensive media reported on October 19th that the ICE period cotton fell slightly on the 19 day and was suppressed by a small number of speculators. Analysts said that the spread of prices led the market today, because market participants were cautious about it.

ICE index cotton fell 0.46 cents in December, closing at $0.9972 / pound, and the trading range was between $0.9960 and 1.0142 to $1.0142.

The market has been in the range of $0.98 / pound to $1.04 / pound for nearly four weeks.

The initial data of well-known media showed that the volume of trading on the 19 day was more than 16800 hands, which was more than 1/3 higher than that of the 30 day.

In December, the contract fell slightly below the 17 day low of 0.9961 US dollars / pound. The previous December contract held the level and then gradually rose to the psychological level of 1 dollars / pound.

MCM Inc analyst Jobe Moss pointed out that

The market will pay attention to the USDA week's 20 week export.

ICE data showed that as of October 18th, the cotton market was closed at 151550 hands and 151791 hands in October 14th.

18 date cotton turnover is 10992 hands, the last day is 21492 hands.