Panic Spread, Zheng Cotton And Double Down.

Today, Zheng Mian stopped again. Since March, Zheng cotton has been the fourth time limit. CF2005 contract broke down to 10570 yuan / ton low point, CF2009 contract broke down to 11020 yuan / ton low. Just 20 Yu Tian time, Zheng cotton from 13500 yuan / ton heard to 10570 yuan / ton, nearly 3000 yuan / ton fell really fell below the bottom line, scattered people.

These days, retail investors and even large households everywhere are conveying a very pessimistic view: cotton is not going to be the right person this year.

Indeed, Zheng cotton fell below 12000 yuan / ton, which is already below the cost line. Some people began to copy the bottom line, and the result was copied to half a waist. When it fell below 11000 yuan / ton, some people were eager to try, and it turned out to be a black Monday. It has completely lost confidence and courage.

First, why did Zheng cotton stop again today? The chief culprit remains the further deterioration of the global epidemic. By the end of March 22nd, there were nearly 300 thousand confirmed cases of new crown pneumonia in the world, and more than 12 thousand deaths. The number of confirmed patients in Europe and the United States is still growing rapidly. 4 African countries, including Madagascar, Angola, Eritrea and Uganda, reported the first confirmed case. Saudi Arabia has a super communicator, and German Chancellor Merkel has isolated herself. The pandemic and the global economic shutdown are no longer alarmist. Everyone is doing the worst.

Affected by this, US stock index futures fell more than 5% today, reaching a limit of falling fuses, and Dow futures closed nearly 1000 points. International crude oil futures prices continued to fall, as of half past seven this morning, WTI crude futures fell 7.87% to 20.85 U.S. dollars / barrel; Brent crude futures fell 8.41% to 24.71 U.S. dollars / barrel.

As expected, no eggs were laid down under the outbreak. With the increase in the number of countries and regions declared a state of emergency, the global economy is suffering a major blow. I am afraid that the spread of war will only lead to fast death and escape to ascension.

It is against this background that Zheng cotton once again started a slump mode. So, how will it work in the near future? Is it possible to drop below 10000 yuan / ton mark?

First, the operation mode of Zheng cotton's "plunging skyrocketing" will not change, but the center of gravity has never changed. Zheng cotton is very fragile and sensitive at this time. It is a fence and wind banner, and whoever is strong will turn to it.

Second, is it possible to fall below the mark of 10000 yuan / ton? Yes, there will be. Just as someone has asked if there will be a financial crisis this year. Just imagine, when the financial crisis happened in 2008, stocks did not fuse so frequently. The storm this year must be far beyond that of 2008. So will the financial crisis come? Own experience.

So, 10000 yuan / ton is the bottom? Can it be guaranteed? So, at this time, it is still the king's way to stabilize the cash.