People Say ICE Cotton: Once Again Rushed To High &Nbsp; Brewing Breakthrough

Peripheral strong and technology buying continues to push up

Overnight, as the dollar continued to depreciate, it challenged 80 support positions, and the demand for capital hedge led to strong commodity prices. At the same time, ICE's technical buying was strong, so the contract rose to 79.80 cents / pound on Monday evening, ending up 0.58 cents to 79.34 cents / pound in December, and cotton prices began to challenge 80 cents / pound.

Although the cotton price on the market showed strong pressure on the line and fell to a high point on Monday, cotton prices rose well from the trend, and external market performance was strong. The US dollar continued to depreciate. Cotton price broke through 80 cents / pound integer pressure level. It is not too difficult. If we break through the pressure level effectively, the target will rise to 87 cents / pound.

It is advisable to keep the ICE cotton in a long way instead of changing it.

On the technical basis, the overnight ICE period cotton flush fell down, the December contract little Yang reported, began to challenge 80 cents a pound integer strong pressure position, although the short-term increase in cotton prices was too large, the technical face was faced with the possibility of falling down, but the short term average line fell across the medium-term average, while the KD and MACD indicators continued to increase, the MACD index continued to grow, the rise of the December contract continued to rise, and the rise target would reach 84-87 cents / pound.

The domestic cotton prices were down yesterday, and the cotton price was depressed by many single profit selling. It shows that in the case of the domestic yarn price falling and the US cotton being subjected to the pressure of 80 cents / pound, the bull's confidence is insufficient, and the lack of funds and popularity has restrained Zheng cotton's rising power and space.

But it is expected that as the ICE cotton continues to rise, the popularity of Zheng cotton market will be stimulated and will continue to rise. The medium and long-term gains will continue. The 1101 contract is expected to challenge 17000 yuan / tonne pressure level. It is suggested that the bulls should continue to hold more orders and continue to buy on every callback.

(Wanda futures Du Ying)

Two more years, high hopes for a breakthrough.

Last night, the international market continued to be strong.

Overnight, Bernanke, chairman of the Federal Reserve, said that although the US economy continued to grow at an appropriate rate, the economic recovery still faced significant resistance. However, the US ISM index in July was 55.5, and the construction expenditure in June increased by 0.1% over the forecast. In July, the manufacturing index in the euro area rose to 56.7 points. The global favorable economic data and the strong earnings report of European banking industry boosted investor confidence, and at the same time, the European and US stock markets also rose sharply, while the US dollar was once again large.

Zheng cotton yesterday opened up after the contract opened, showing differentiation. In September, the company continued to sharply reduce its position, the relative performance was relatively strong in the far months, the price rose, and in May it increased slightly, and some of the market funds were withdrawn.

The operation tends to be low and trend is more than single intervention.

(pioneering futures Dong Shuangwei)

US cotton rose slightly, focusing on 80 cents resistance.

On Monday, the ICE cotton contract opened at 78.77 in December, fluctuated between 78.16-79.80 and the US, strong technical momentum and support from the external market boosted cotton price to 79.80 cents, hitting the previous high point, but after a major resistance after 80 cents, it finally closed at 79.34, up 0.58 cents, to 0.74%.

In December, the US cotton technology star crossed the Yang line, which has bottomed out since 73 cents, and has been refreshing 9 times for a long time.

Fundamentals, the US cotton substantial increase factor still exists, the bad impact of the substantial increase in output is throughout the year. Short term speculation in China, or short-term sales orders, are only short-term stimulations. The long-term factors are still returning to the supply and demand principle. Now China's output is divided too much. As long as there is no big natural disaster, the increase is positive, so the demand will also decrease compared with the previous year, so the possibility of US cotton rising sharply is not large, and the individual is biased towards the regional shocks.

On the domestic side, on Monday, Zheng cotton, like commodities, showed a crazily rising trend. Cotton fell on the weaker day. In September, it continued to lighten down and suppress other contracts. Finally, in January, the contract closed at 16660, up 235 points, and the 7150 hand was lighten up. It was also promoted by the US cotton company, which was driven by the United States cotton and its impulse power was insufficient, so the short-term adjustment probability was 16600 in the short term.

From the operation, the empty list can continue to hold, breaking through the 16700 stop loss, and on the contrary, it can be added to the empty list if it falls below 16500.