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Zheng Cotton Futures: In June 30Th, &Nbsp Increased;

2010/7/1 16:12:00 47

Zheng cotton

Market conditions: on Tuesday, June 30th, the next phase of the New York stock market picked up the rebound, which affected the early CF1009 of the Zheng cotton contract, which opened slightly lower in the early trading session. The intraday trading was driven up by the bull buying, and the intraday high consolidation was completed.

Zheng cotton CF1101 contract opened low, early morning sharp shock, followed by long buying to promote the price rebound, midday increment, high noon, in the short term closing position under the suppression of adjustment, the end of the market increment, the daily line forming a positive line, the intra day trading volume changed little, the position increased.

The CF1009 contract concluded 79134 hands on the day, 10516 additional positions at the end of the day, 118828 hands at the end of the contract, 246958 contracts on the CF1101 contract day, 1074 additional positions on the day, 194938 hands at the end of the day.

Related market conditions: Tuesday NYBOT

Cotton futures

Fall.

Today, CNCE electronic matchmaking deal has reached 18680 tons, matching the situation of waiting for a shock waiting, the paction volume is slightly heavy, and the order quantity is reduced slightly.

Fundamentals:

Spot paction

Continue to be desolate, Cotton Traders offer high prices, scarce market resources, textile enterprises are mostly not eager to use cotton, to wait and see, only waiting for the state to throw the store.

The cotton fields in all cotton producing areas are more suitable for new cotton growth, and most of the new cotton has blooming, and the disease and insect pests are lighter than in previous years.

On the 29 day, China's cotton price index (CC Index 328) was 18270 yuan / ton, and the average price of 49429 cotton to plant was 17868 yuan / ton, up 41.

Technical analysis: on Tuesday, the US cotton index and the December contract fell low, and the shadow line of the shadow line rebounded. Today, the low price rebounded and the average price of the 5 day moving average was blocked, and the 60 day moving average and the 23 day low were broken down, but the long term pattern was further weakened after the rally, but in December, the 60 minutes of the 30 minute average line fell down, and the rally failed to break through the 20 average.

Today, Zheng cotton CF1009 contract low open test 5 day average rise, the sun line form the Yang line, the period price is raised by the average line support, the final breakthrough high point of innovation high, the technical face is steadily rising pattern; 60 minute graphic test 10 average line up, after the formation of horizontal consolidation platform, the short line pattern is also advantageous, but RSI7 into the overbought area, short line should beware of the risk of callback.

Zheng cotton CF1101 contract trial 10 day average line pick up the Yang line, the Japanese line recaptured the previous day most of the shadow line, the long line pattern is many, but has not yet formed the upward breakthrough; the 60 minute graphic test low Monday is supported by the stabilisation, the price is still in the first three trading range shocks, the middle line pattern is many, the market continues to rise may pay attention to the 16900-16950 interval pressure function, if the breakthrough may continue to ascend, conversely, if adjusts, should pay attention to 16720 first line support role.