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Commenting Zheng Cotton Today's Trader

2011/5/4 16:00:00 48

Zheng Cotton Rebound Trading

Huang Tao's comment

:


Zheng cotton main contract to explore the rebound of the 1/2 line below the shadow line.

Period price

Continue to shake up in the first three trading days in the consolidation interval, the neutral line is neutral; the CF1109 contract 60 minutes before the graphic test, the low point of a trading day rebounded, ending at the 20 average position, and the short line down kinetic energy failure, but did not form a breakthrough signal. CF1201 contract 60 minutes graph stabilized to break through the 20 average line, and the short line formed the arc bottom rudiment. If the market continued to uplink, we could pay attention to the 28 day rebound point, that is, 24300 line pressure role, otherwise, if adjusted, we should pay attention to the support of today's low point.

Operation suggestion: empty single cautious holding, CF1109 contract effective breakthrough 26700 front-line, CF1201 contract breakthrough 24300 front line may consider reducing empty list.


Suwu Futures:


At home, the inventory of finished product inventory of textile enterprises is serious, and the reduction of cotton mill production is more common, and the demand for cotton raw materials is insufficient.

With the decline of market weakness, cotton enterprises have been frustrated in stabilizing confidence in the post market, most of them are anxious to ship the goods, and the market is expected to be dominated by weak market in the near future.


Technically,

Zheng cotton

1109 the contract is still under the average, and the downward trend of Zheng cotton is still effective. On the operation, the early empty sheet can be held cautiously, and it is not recommended to try to copy the bottom easily.


Huaxin Futures:


Yesterday, the US cotton 07 month contract closed at 156.88 cents, up 2.11 cents on the 5 day moving average.

The turnover was about 11500 hands, which was lower than the 30 day mean value of more than 50%, and the position dropped to 151977 on the previous trading day, the lowest since October 12, 2009.


There are signs of stabilization below, but in the absence of good news, the market will remain weak.

Yesterday, Zheng cotton 1109 contract closed at 26495 yuan / ton, settlement price rose 145 yuan / ton, increased 11962 positions.

The spot market is still weak and downstream.

demand

Without improvement, the vulnerable pattern of Zheng cotton can hardly be changed.

It is suggested that investors should not copy the bottom easily, but wait for the opportunity to sell short after the rally.

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