Zhengzhou Cotton Market In July 2Nd: Adjustment Of Strength Recovery Compensation Gap

Note: 1, volume and position: hand (by bilateral calculation); 2, rise and fall: the difference between the current settlement price and the previous settlement price; and 3, turnover: the sum of the turnover volume and the current turnover.

Market conditions: in July 2nd, the New York Stock Exchange closed up on Friday. The main contract of Zheng cotton was opened today, and the early trading area was consolidated. In the afternoon, the strength of the warehouse increased, and the end of the day was closed at the end of the day.

The CF1209 contract concluded 12074 hands on the day, 946 on the day, and 126230 at the end of the contract; the CF1301 contract day was 175868 hands, and the day was reduced by 13310, and the final position was 282430 hands.

Related market conditions: ICE cotton futures rose on Friday, due to the EU agreement to stimulate commodity inflation.

Basic situation: small textile enterprises in some areas have a small number of procurement in Xinjiang, but most of them are pported by way of motor pportation, and the pportation cost is high, so they have to suppress the price of lint.

It is understood that many of the 200 cotton enterprises have recently expanded to 400, but most of them are subject to capital and licensing applications, and are still in the preparatory stage.

Cotton side, cotton seeds less goods, purchase and sale almost stagnant, quotation slightly loose; cotton oil peripheral weak consolidation, prices fell slightly; cottonseed meal is supported by good support, quotation steadily rising; cotton short linen market is still low.

29, China's cotton price index (CCIndex328) 18164 yuan / ton, fell 24 yuan, 527 cotton to plant average price 15855 yuan / ton, down 49 yuan.

Technical analysis: last Friday, the US cotton contract opened in December, and the daily line broke through the 10 day moving average. Today's morning market is getting stronger and stronger, the middle line technology is changing to a more favorable pattern; the 60 minute graphic disk rises, and the price breaks through the height of the previous box area, that is, after 70.3 cents, it is wide and concussion, and the center of gravity of the paction moves upward. Today, the platform of the trading center has moved upward, and the platform has been broken up after the formation of the consolidation platform. The short term form has been repaired from neutral to neutral. For example, the adjustment of the future market can focus on the support of 69 and 70.2 cents. Otherwise, if we continue to make breakthroughs, we can pay close attention to the pressure of 73 cents on the short term.

In terms of weekly pattern analysis, when the Zhou Meimian index closed, the weekly line was located in the first three weeks.

It has not yet broken through the 10 week moving average, and the technical form is in horizontal arrangement. However, the KD line is crossed at the low level, and the long swing index changes to a more favorable pattern.

Today, the main contract of Zheng cotton has increased strongly after the adjustment, and the daily line has formed a positive line. The price has been strengthened by the 10 day moving average. The CF1301 contract restores the gap of the gap in June 21st, and the technology is oriented to the pattern of more profits. After 60 minutes, the platform has broken through the whole platform, and the price has also broken through the consolidation interval in the early stage, and the trading center has moved upward. However, the RSI7 is in the overbought area, and the price is in the 19500-19600 interval.

Operation suggestion: empty single stop out, CF1301 contract is adjusted a small amount to do more.

Under reference 19150.