Cotton Matchmaking Soared Against The Market&Nbsp; Short Term Shock May Continue

today futures Matchmaking has soared in recent months. The industry is also puzzled. Originally, last week's decline lasted for several consecutive days. The recent month has broken through eight thousand and the far month is approaching six thousand. Market popularity has been depleted, and rational decline has basically taken shape. But in recent days, it has risen sharply in recent months for two consecutive days, and reached a new high in 2009. I don't know which side of the wind caused it.

Is it a loss of patience due to the delay in the release of national reserves? Is it a response to the flood in the south? Is there an increasing gap in continuing to connect the spot in the next two months? Is it a good reflection of the textile domestic and export data? Is it a drill of many institutions in the air? Is the short position luring the high to wait for the empty?

In terms of fundamentals, there has been no major change in the past two days, Cotton yarn Decline, slow cotton sales. The policy did not show any positive or negative news. Although weather factors had an impact on the Yangtze River basin, the cotton loss status was not reported. In the north, cotton is really growing well. The conflict between the two will not have such a big impact on the market. New York futures took short profits on Friday, but there was no rapid upward trend. If it is a technical rebound, it will not reach a new high. Judging from the position, the short position increased more than the long position, and the large position holders COFCO Zhonggu and Zhejiang funds showed no signs of moving out. The trend of technical bias has not broken.

The only explanation is short selling. operator Hold blank orders. Many people leave the scene alone, waiting for opportunities. At this time, the dumping of reserves is approaching, supply and demand are basically balanced, and weather factors are difficult to support the rise. The inventory in the hands of spot traders is the best time to sell. It is suggested that spot traders sell cotton in the same quantity as the spot in hand in recent months to maintain the value. Avoid further sharp drop in cotton prices in the future.

In the current season, Qimian lost its way and fell into a shock pattern. Although the technical side is bearish, it has entered into a shock situation after the sharp fall, and is expected to brew a rebound market. At the same time, the trade plate will also gradually buy in the process of falling, and the short-term cotton will continue the shock pattern.