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Shanghai Rubber Shrink Up &Nbsp; Cotton Continues To Shock.

2010/12/7 14:58:00 66

Cotton

   The United States released last Friday. Non farm employment It's not ideal, America. unemployment rate Increased to the highest level in 4 months, the dollar index fell sharply, crude oil and Lun copper represented a good momentum of commodities, and brought favorable support to the domestic futures market.


Shanghai gum continued its rally last week. The main 1105 contract opened 32800 on Monday, closing at 32835, up 2.55%, leading the commodities market.


Zheng cotton went up and down, and the main force was 1109 opened at 27350, closing at 27020. Gain 0.61%.


Operation suggestion


Zheng Xinran, an analyst at Guan Tong futures, said that Shanghai Rubber had gone out of the bottom and rebounded last week. After the adjustment of fees and margin, the number of positions dropped to more than ten million, and the trend was slightly less fluent. Yesterday, the Shanghai Rubber company opened at 32800 points. After the opening, the trend was entangled in the daily average, and the domestic stock market was sluggish. There was no movement in the bull market. The afternoon challenge of the 20 day average line took a small leap, the price was as high as 33080 points. In terms of operation, the 20 day moving average and the previous adjustment platform are likely to be repeated over the long term, but there are still many problems in the long term. It is suggested that bulls can continue to hold, or continue to buy after callbacks.


For cotton, in the 2011-2012 fiscal year, the EU's 27 cotton imports are expected to remain at a very low level, while exports are expected to increase from 92000 tons to 293000 tons. In November, the domestic efforts to control the continuous rise of cotton prices through policy control measures were very significant at present. The 1109 contract of cotton has risen from the highest price in November 10th to 33600 in the recent year, to a recent low price of 24180, and the rate of reduction has been more than 27%. The NDRC said that rectifying the order of the cotton market has achieved initial success. Zheng cotton 1109 contract bottoms up yesterday, breaking through the bottom shock interval, attacking the 20 day moving average, trading volume 1 million 860 thousand hands, showing the upward trend of volume, and then closed on the small line. In terms of strategy, the shift of the national monetary policy will have a psychological impact on the further rise of cotton.

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