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After The Opening Of Zheng Cotton, Strong Shocks Rose Sharply, And Short Lines Broke Through.

2010/12/14 16:53:00 47

Driven by the sharp rise of the surrounding stock market and commodity market after a short period of bad profits, today, after the opening of the Zheng cotton market, the strength of the shocks rose sharply, and the short line broke through, and the market gravity shifted to 27500 above.

The United States released relatively good economic data last weekend, including soybeans, wheat, corn and USDA.

cotton

The monthly supply and demand report is more neutral. China raised the required deposit reserve rate on Friday night. The CPI data released by the weekend exceeded the expected figure of 5.1%. At the same time, the central economic work conference held 6 major tasks next year. From a series of actions, raising the reserve ratio is likely to be a harbinger of interest rate increase, and it should not be too relaxed for policy expectations, which is still a constraint on the next trend.

On international cotton fundamentals,

USDA

The monthly report of supply and demand is smaller than expected adjustment, of which the US cotton production is trimming down 30 thousand tons to 3 million 980 thousand tons, and the final inventory is reduced by 65 thousand tons to 410 thousand tons. The data of China and India are almost unchanged, and the stocks at the end of the world are slightly increased by 260 thousand tons to 9 million 450 thousand tons, and the neutral level is more. Later, the remaining adjustment is left behind. In addition, the CFTC's position report shows that as of the week of December 7th, the total cotton holding capacity has been cut down, but the speculation has increased significantly, and the net bull rate has dropped 1.8 percentage points to 18.28% a week ago.

The domestic market, today's stock market,

commodity

The overall rise is undoubtedly a concentrated release of funds after the phased policy is suppressed, and it is also a reflection of the short run.

As far as cotton is concerned, we are basically facing the support of the market near 26000, which has been fully realized in the near future. We have also prompted customers to quickly adjust their buying opportunities in recent times. Today, the market has risen sharply and made positive reflection. However, from the current situation of the yarn and cloth sales of the downstream textile enterprises, there is no obvious improvement. Before the festival, most enterprises may make arrangements for the Spring Festival holiday ahead of schedule. It is likely that it will be difficult to launch the market driven by the lower reaches of the festival.

Today, the position of holding positions is increasing. Both the new lake futures and Guotai Junan are entering the market again.

Judging from today's market, short-term technology has shown a high level, the 30 day moving average and the 28000 integer pass become the main resistance line. From the basic stage of the stage, more support will enter the regional arrangement, and the focal point is expected to move upward continuously. The development of capital side and the overall market sentiment will be the main driving force for the short term sharp rise of the market.

At the same time, judging from the recent changes in the overall market, the strong support of the fundamentals in the future will be gradually recognized, and the trend of the market will continue to move upward in the future. Eventually, it will not exclude the outbreak after repression. It will be an unchanging trend.