What Is The Reason Why Cotton Is Bullish?

In January 21st, the 1905 main contract of Zheng cotton was opened up after a small opening and the price fluctuated narrowly.

After that, with the increase in the number of bulls, the price oscillation went up.

At the end of the session, some of the Bulls lost their profits and prices dropped slightly.

However, the rally is still being reported within days.

According to the data of the exchange, the positions of the top 20 seats in the first half of the year show a phenomenon of increasing market share in the 1905 contracts.

Among them, 7987 bulls were bullish and 17009 were short holdings.

In particular, the number of seats in the top 20 seats reached 17, but in addition to 3304 seats in Huaan, the remaining seats were concentrated in 1000.

The reduction of 3 seats is within 1000 seats.

In the first 20 seats, only the CICC futures seats were reduced, and the reduction was relatively small, less than 100.

Of the 19 seats to be increased, more than 1000 seats had 7 seats, but the increase was not more than 3000.

It is worth noting that in the top 20 seats of the day, 10 seats were made in the respective positions.

Among them, CITIC futures seats, which topped the charts, added 1255 more empty notes to the day, while the net number dropped to 8565. The galaxy futures seat increased the number of 1208 tickets and increased the number of empty tickets to 963 while increasing the number of 398 more tickets. The 965 seats were added to 132 seats and more than 712 tickets.

At the same time, the Yangtze River futures seats were also higher than the number of empty single increase.

The above data show that this part of the market tends to be pessimistic towards the latter market.

On the contrary, Huaan futures seats increased more than 3304 single orders on the same day, but only increased 270 empty bills. The positions were converted from net to net 1560. Huatai futures only increased 127 empty bills and reduced the clearance to 5670 sheets while increasing 632 more orders. China International Futures (blogs, micro-blog) seats increased more than 325 copies and increased only 44 empty sheets, and the net clearance was reduced to 185.

At the same time, Green, Dahua futures seats, Tung card futures seats and futures certificate futures seats more than single increase is also higher than the empty list.

The above data show that this part of the seats tend to be optimistic about the latter market.

On the other hand, Yongan futures market held more than 2583 tickets on the same day, while the number of seats in the futures market was reduced to 4969, while the number of seats in Haitong futures increased by 353 more than 810, while the number of empty seats increased to 3370 at the same time. The number of seats in the futures market was increased by 2042.

The above data show that this part of the market is more pessimistic for the latter market.

By observing the movement of main positions, we can see that in the 20 seats before the day, the increase in the number of short positions was significantly larger.

From the point of view of the adjustment of positions between the seats, the short strength is slightly better than the other.