Cotton Breaking Down Will Still Be Low Again In The Near Future.

[news] the US Department of agriculture convened the 2015 agricultural war net forum. At the forum, the US Department of Agriculture issued a forecast of global cotton supply and demand in 2015/2016.

Global downgrade next year

Output and ending inventory, while increasing consumption.

However, downstream sales are still weak, cotton mills do not fill the warehouse as scheduled, cotton contract positions reduced, cotton in a short time is difficult to do, if you want to really rebound cotton needs.

For support.

[disk analysis] the night plate opened and went low, breaking through the 13075 low, creating a recent low of 13055, then the market in the narrow range of 13090-13055 shocks, the decline of the shock interval also shows that cotton is constantly trying to break down, the night plate to form a new low, indicating that the cotton market is strong, and will continue to be low in the near future, and can wait for the opportunity to enter.

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[strategy] last night, the market broke through the previous shock interval, and hit a new low again.

The operation is still better than the short-term operation, and the strategy is to take the short selling strategy.

The support of the former 13100 has now become a pressure level, and it can be short in the vicinity of 13090. If there is no support for 13050, we should cash in and wait for the opportunity.

In consultation, we need to act cautiously.