ICE Cotton Alone Strengthened &Nbsp, Hit New Heights.

Continue to rise and impact hundred cents resistance

The international macroeconomic data released last night were mixed.

Last night

Zheng cotton yesterday opened up a sharp increase in volatility, closing at about 300 yuan, the paction remained active, the position continued to grow, a new record high, in late May, the closing price rebounded close to the highest in the day, part of the cut warehouse empty appear, the basic reserve cotton market yesterday, the average price of 19724 yuan, 328 fold cotton 20288 yuan, up 382 yuan, the highest paction price of 20630 yuan, the cotton futures have been completed nearly 67%, and the cotton contract yesterday has completed nearly 67%, and yesterday cotton cotton contract January closed at 19635 yuan, more serious than Zheng cotton.

Many of the operations continue to be held without changing the focus of the 20 thousand barrier.

(pioneering futures Dong Shuangwei)

Fund and consumer buying make ICE cotton refresh for 15 years.

Because of stable fund and consumer buying support, overnight ICE cotton continued to rise. In December, the contract rose to 94.85 cents / pound, ending up 1.79 cents to 94.50 cents / pound, refreshing the 15 year high point, continuing to advance to 97 cents / pound pressure level, and some people in the market expect us cotton to rise to more than 1 US dollars / pound, which is the main reason for the steady increase in buying.

At present, the overall market is still maintaining a strong pattern. China's national cotton prices continue to rise sharply, showing that China's cotton resources are in short supply, while the United States accounts for about 40% of the export market share. This has increased the interest of speculative capital in speculation of cotton prices. If ICE cotton holdings can maintain a steady growth trend, the future IC E cotton will break through the pressure level of 97 cents / pound challenge $1 / pound.

Technically, ICE cotton returns to Zhongyang again, and the December contract is far from the short-term average line support. It begins to advance to the strong pressure level of 97 cents / pound, and the average system keeps a good long rise. Meanwhile, the KD and MACD indexes continue to rise in the overbought area. The MACD index continues to grow, and the rising trend will continue. It is expected that the ICE stage cotton will reach a strong pressure level of 97 cents / pounds this week. It is recommended to cautiously increase the ICE period cotton and pay attention to the pressure of 97 cents / pound on cotton price.

Zheng cotton continued to expand its position yesterday, but from the change of the 1105 contract position, some of the Bulls lost their profits, and the 1101 contract maintained a strong trading position because of the arbitrage trading.

And in the ICE cotton continues to rise and will challenge 97 cents / pound pressure level and China's national cotton store paction price exceeded 20000 yuan / ton, nearly two days of stagflation Zheng cotton is expected to continue to climb, 1105 contract will challenge 20000 yuan / ton of integer pressure level, suggest that a small number of holding single, 19300 yuan / ton fall 1105 contract stop loss.

(Wanda futures Urumqi Sales Department Du Ying)

Cotton rose sharply and continued to see 100 cents.

On Tuesday, the ICE cotton contract opened at 92.80 in December and fluctuated in the 92.80-94.85. cents range. At the time of tight global supply and strong textile demand, it was driven by speculative buying. Meanwhile, the factory was also likely to take part in the buying process. The cotton futures were higher and higher, breaking through the previous high point of 94.65 cents, breaking the high point to 94.80 in the year, and finally dropping slightly to 94.50, up 1.79 cents, to 1.93%.

Technically speaking, the United States cotton in December to receive a big line, the average line up, breaking through the finishing platform, strong no change, the next step will see 100 cents.

In terms of fundamentals, there is no new news for the time being. The main support for the US cotton boom is still the weather in India, and the news that India textile factory has called for the abolition of exports. The strong demand in China has become another main reason for the high US cotton prices. Therefore, I think investors should continue to keep up with the US cotton Bullish Thinking and take the trade strategy of taking advantage of the trend.

On the domestic side, Zheng cotton opened up a concussion on Monday, the shock amplitude narrowed compared with the previous day. In May, raising the margin resulted in the inflow of funds into January. In January, the performance was strong yesterday, and the price gap in May was once again narrowed. Nevertheless, the general contract of Zheng cotton was strongly closed at the highest price, and the short-term high momentum remained unchanged. In May, it continued to see 20000 digit figures.

In the case of national cotton reserves, the auction of cotton reserves was fierce yesterday, the average price rose to 19724 yuan / ton again, 328 yuan was 20288 yuan, and national cotton storage had broken through 20000.

So on the operation, we should keep more thinking and keep more orders.

(Changjiang futures Wang Jian)

Cotton market continues to rush, bull market continues

ICE cotton futures two rose sharply, and the most active December contract rose 179 points to 94.50 cents.

ICE cotton futures opened at the lowest price in the day, slightly higher than the previous day. After that, the shock rose and speculative buying supported the whole market. At present, the cotton market is supported by the whole lot. On the one hand, consumption is increasing and supply is tight. On the other hand, the climatic conditions of cotton producing areas in India and China have affected the picking progress of cotton, and also have a certain impact on the yield and quality of cotton. The current weather condition has great influence on the cotton picking, and it still supports the market.

The sharp fall in the US dollar also attracted the entry of buying. ICE cotton futures are at a high level in 15 years, but there are no signs of reduction in their positions.

Zheng cotton futures strengthened independently and continued to rise. The price of electronic matching and spot prices also rose, and the price of downstream yarn also showed an upward trend. At present, whether it is matching, cotton storage or spot prices are all above 19000, there are still no signs of callback, and continue to move towards 20 thousand. The purchase price of new cotton seed cotton is around 4 yuan, mostly low grade cotton, and the price is above 18000. The cotton market continues to be strong at present.

(Haitong futures Zhengzhou Sales Department: Zhang Jianwei)