Commodity Futures Market Is Generally Soft.

Comment on futures market

Yesterday, the commodity market was generally weak, and industrial products fell all the way. Stock market index Futures are rising sharply in the afternoon, and the market trend is still unclear.

The overall color of the nonferrous metals business is slack. At present, the price of metal is still at a high level. The lack of initiative buying has led to a downward trend in prices. However, Shanghai copper has fallen to around 70 thousand. The bear market is not present in the whole market. After the festival, we can consider setting up positions in the bargain market.

The index futures contract rose four. The main force IF1104 closed at 3276.4 points, up 1.17%.

In terms of holding positions, the 20 main institutions have 5129 hands on the main contract. In terms of operation, the central line must continue to hold, and the short range operation should be appropriate. Pay attention to the news during the festival.

Yesterday, the main main cf1109 contract of Zheng cotton fell back, the end of the end of 28170 yuan / ton, down 1%. From the disk trend, bulls seem unable to resist falling. Holding positions, the main position is still stable. On the whole, the strength of the air is still in equilibrium.

Spot prices, cotton prices will not change trend. Downstream, Cotton yarn The market is still dull, spinning enterprises. Sale The pressure has not improved. As of April 1st, the mainstream price of pure cotton yarn C32S combs in Shengze market was 36800 yuan / ton, down 100 yuan / ton compared with the previous day, and this week has dropped 1500 yuan / ton. According to USDA's forecast of US cotton planting area, in 2011, the US cotton planting area was 76 million 545 thousand mu, an increase of 15% over the same period last year. Judging from the performance of the disk, the market interpreted the data as positive.

Technically, cf1109 contracts support better in the 28000~28500 interval, but the rise is more difficult. In operation, cf1109 stops at more than 28000.