Zheng Cotton Is Down Again And Market Confidence Is Down.
On the same day, a trader said that since the outbreak of the epidemic this week, there have been more than 12 thousand cases in Italy. In a country with a small population of 60 million, the rapid development of the epidemic has caused losses to people's lives and property, especially the psychological blow.
The WHO ranks the new crown pneumonia virus as a global pandemic. The United States is no longer stealing the bell. 24 states and Washington, D.C. declared a state of emergency. The possibility of a global economic shutdown is very large.It is precisely because of worries about the global economy that stock market, international commodities and heavy metals all start the "waterfall" mode. Therefore, we say that the collapse of Zheng cotton is a resonance with the global economy.
Since this week, Zheng cotton has been the second time limit. The first time this Monday (9), two times a week, the market confidence has been hit hard, the funds have fled.
So, how to look at the future trend? The author's point of view is that the epidemic will not be eliminated and the economy will be difficult. In the next 4 and May, it will be better than overseas.
As academician Zhong Nanshan has deduced, the global epidemic will end in June. In the middle of March, except for Hubei and Wuhan, the resumption of re production in various areas is in full swing, and even Hubei has made preparations for resuming work. So China has a bad time with overseas.However, Zheng cotton has never reflected the fundamentals. In the future, the trend of Zheng cotton will continue to rise and fall sharply, and it will be accompanied by a fall or fall, but the overall direction of gravity will still not support a sharp rise.
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