Disk Analysis: Cotton Pre Empty Holding

　 Short shot, Zheng cotton Crash.

　 Disk analysis:

US cotton futures fell 3% on Tuesday, the biggest one-day drop in a month. After speculation that the supply of cotton was tight, investors had long established a large number of long positions, and the market fell below the trend line, causing a lot of stop loss sales. The most active cotton in May.

It fell 2.75 cents, or 3%, to a low of 86.55 cents per pound in February 7th. The contract recorded the largest one-day drop in January 27th.

Affected by the decline of the US cotton, in February 26th, Zheng cotton 1405 jumped sharply and opened up rapidly, with a rapid decline and a sharp increase in the number of positions. The number of positions increased by more than 2000, and the final value dropped by 1.21%. The lowest hit in the market was 19405 yuan. From the disk side, there is a certain technical support near the 19500 yuan. Therefore, short-term Zheng cotton 1405 has been sorted out in the vicinity of the line, so as to alleviate the possibility of technical pressure.

Basic news:

February 25th Reserve cotton The quantity was 28032.1396 tons, and the actual turnover was 12062.6634 tons, with a turnover ratio of 43.03%. The average price of the old GB was 4.13, the average length was 28.18, the average price was 17530 yuan / ton, up 155 yuan / ton compared with the previous trading day, and the 328 price was 18092 yuan / ton, up 41 yuan / ton compared with the previous trading day. On the same day, the new national standard of domestic cotton accounted for 6942.6559 tons (Xinjiang warehouse 2174.0231 tons), the average transaction price (weighted only weight) 17831 yuan / ton, compared with the previous trading day rose 74 yuan / ton. No cotton resources were imported on that day. As of February 25th, the total amount of cotton put into the stock market was 1558217.5446 tons, with a total turnover of 571158.2849 tons, with a turnover ratio of 36.65%. Among them, 1489288.683 tons of domestic cotton have been listed, with a total turnover of 502965.927 tons, with a turnover ratio of 33.77%.

　 Comprehensive analysis and recommendations:

As of 25, 2013 cotton Temporary storage and storage totaled 571158.2849 tons, of which 1489288.683 tons of domestic cotton were listed, with a total turnover of 502965.927 tons, with a turnover ratio of 33.77%. Affected by the decline of the US cotton, in February 26th, Zheng cotton 1405 jumped sharply and opened up rapidly, with a rapid decline and a sharp increase in the number of positions. The number of holdings increased by more than 2000, and the final value dropped by 1.21%. The lowest hit in the session was 19405 yuan, which was closed to the long leading pin. From the disk side, there was a certain technical support near the 19500 yuan. Therefore, short-term zhengmian 1405 has been sorted out in the vicinity of the line, so as to alleviate the possibility of technical pressure.

Operation suggestion: early air and single continuous operation.