Cotton Continues To Move Upward In The Near Future.
[market trend at home and abroad]
Domestic:
Zheng cotton
1109 the contract opened yesterday at 26590 yuan / ton, the highest level in the market was 27700 yuan / ton, the lowest level was 26510 yuan / ton, ending at 27570 yuan / ton, the turnover reduced to 1519192 hands, and the position increased 14258 hands to 227698 hands.
Abroad:
American cotton
March contract closed at 140.97 cents, up 4.13 cents, or 3.02%.
[technical analysis]
Inside: judging from the disk, the 1109 contract of cotton rose sharply after opening yesterday.
volume
The number of holdings has increased.
Technically, cotton prices are likely to continue to rebound in the near future.
In terms of specific operations, aggressive short term traders can properly intervene in the bargain.
At the same time, pay attention to the important position of prices near 27800 and 26000.
External market: US cotton prices remain strong overall.
[operation recommendations December 14th]
On the specific operation of cotton, aggressive short term traders can be appropriate to bargain for intervention.
At the same time, pay attention to the important position of prices near 27800 and 26000.
- Related reading
The International Cotton Market Rose &Nbsp, And The Domestic Market Rose Slightly.
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