Zheng Cotton Futures: Opened Up To &Nbsp In August 2Nd And Slowed Down.

　　 Zheng cotton market Situation: in August 2nd, the New York stock market rose on Friday, affecting the opening of the CF1009 contract of Zheng cotton today. The bull market closed down, and the Japanese line formed a high opening line. The volume of intra day trading did not change much, and the position continued to decrease significantly. Zheng cotton CF1101 contract opened high, the early trading in the short-term adjustment of the impact of the adjustment of the plate, followed by long buying to push up the price upward, the afternoon high position in the flat price of the suppression period price rise, the daily line formed a high Kai Yang line star, intra day trading volume enlarged, holdings reduced. The CF1009 contract concluded 25486 hands on the day, 13232 on the day, and 47512 at the end of the contract; the CF1101 contract day was 172424 hands, and the day was reduced by 7150, and the final position was 191332 hands.

Related market conditions: last Friday, NYBOT cotton futures were boosted by short compensation and rising peripheral markets. today CNCE Electronic matchmaking trading reached 18440 tons, matching up to a higher level. In the past months, the contract market finally dropped, and the contract in the far months continued to oscillate.

Fundamentals: at the beginning of next month, the possibility of throwing and storing is increasing, and it is less than a month away from the new cotton market. The major textile mills of cotton hoarding began to sell at a lower price, especially Xinjiang cotton. A large textile enterprise reported that Xinjiang cotton Corps 229 cotton must take delivery 18500 yuan / ton. General enterprises reported 18800 yuan / ton. Small spinning enterprises have been insisting on buying and selling, and it is difficult to determine the date of throwing and storage. The demand for cotton blending has increased recently. Outer cotton The 229 class import price is equivalent to Xinjiang cotton, at 18500 yuan / ton. In July 30th, China's cotton price index (CC Index 328) was 18230 tons, down 8429 grade cotton to plant average price 17834 yuan / ton, or 13.

Technical analysis: last Friday, the US cotton index and the December contract rose to the highest level. The daily line accelerated to break through the pre consolidation interval, and the technology side confirmed the rising pattern. In December, the 60 minute contract broke through the upward triangle upward track formed by this week and accelerated up, and the short line also formed a breakthrough trend. But at present, RSI7 is located in the overbought area, and the period price is also close to the middle line pressure level of 79.6 cents. Taking weekly line analysis, last week, the US cotton index closed the line, and the weekly line recovered most of the declines since the beginning of July. The price breaks through the long-term average pressure, and the long line forms a reversal signal.

Today, Zheng cotton CF1009 contract opened up and closed down, and the day line broke down the first day low and the 10 day moving average, and the short term rise was weak. The price continued to oscillate on May 24th and June 30th. The long term was the high and volatile mode; the 60 minute figure opened up and fell down the upper box body on the top two days before the break, and the continued adjustment of the market could be concerned about the supporting role of the 18400 line, such as the effective break down, and the short line may try 16250-16300 intervals.

Zheng cotton CF1101 contract opened up concussion line, and broke through the 60 day moving average during the day. The intraday adjustment was also stabilized by the support of the EMA. The breakthrough of the upper body box on the previous stage was broken through, and the daily line broke through. The 60 minute figure opened up to form a larger gap, and the price broke the short line pressure level by 16600. The intraday adjustment did not break the 19 and 17 days' tangential position support, and the short line formed a breakthrough pattern.

Operation suggestion: keep Bullish Thinking and wait for a while.