Yesterday, zheng cotton index fell 213 closed at 21475, total deal fell sharply to 1.231 million open hand, total by 30400 to 799000 hand hand, total position in 1201, a forward contract increase significant contribution. The main 1201 fall 215 closed at 21320, clinch a deal the reduction to 753300 hand, by 8352 to 528000 open hand hand. Cotton market movements of significant different from other goods movements, the weak characteristics significantly.

Wing on futures research institute RenXinPu analysis think, zheng cotton index out of three even Yin, combination K line form back to the area along the concussion. The main 1201 three even Yin at the combination configuration, go bad, previous low 21155 to the test. Technology on look, zheng period cotton vulnerable conspicuous; Basic face, is difficult to find MianJia sign up. Market outlook can maintain interval consolidation has good, rebound become market expect. If consolidation interval along the could not support, down into possible. Will Operation, see the bottom to clinch a deal, in the open interval, then definitely action.

East Asia XuZhou analysis, from that futures whole, cotton is still in the fall in the process of exploration. At present on the operation Suggestions can bear continue hold, the empty camalig advice to continue watching, or try to copy the unfavorable 1 and 5 month of positive arbitrage.

Source "the Chinese textile nets"

Edit: lara