Xiangcai Prayer Year Futures 05 November Cotton Early Comment

2010/11/5 13:48:00 61

cotton

Medium and long term

Bullish Thinking remains unchanged

[market trend at home and abroad]

Domestic: zhengmian 1105 contract opened yesterday at 29650 yuan / ton, the highest in the intraday exploration of 29920 yuan / ton, the lowest down to 29550 yuan / ton, ending at 29855 yuan / ton, turnover reduced to 1057202 hands, positions reduced 5886 hand to 340374 hands.

Abroad:

American cotton

December contract closed at 139.47 cents, up 3.47 cents, or 2.55%.

[technical analysis]

Inside: judging from the disk, the 1105 cotton contract rose slightly after opening yesterday.

volume

Both positions and positions have been reduced.

From a technical point of view, cotton prices will remain a strong pattern in the medium and long term.

In specific operations, the middle and long lines will continue to focus on low prices and pay attention to risks.

External market: the overall price of US cotton is still strong.

[today's operation recommendation]

In specific operations, the middle and long lines will continue to focus on low prices and pay attention to risks.