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March 3Rd ICE Cotton Review: Peripheral Good Small Recovery

2009/3/4 0:00:00 42

Tuesday (3.03) ICE American futures exchange

cotton

The reason for a slight pickup is that commodities and stock markets are stronger.

The most active May

cotton

23 points higher, 41.72 cents per pound, the recent March contract closed 23 points, 40.52 cents per pound.

May

cotton

Today, we opened high and rushed up to 42.30 cents in the morning.

In the middle market, the May contract fell to 41.39 cents.

But after the stock market opened high, the contract rose to 42.83 cents.

The remaining time, the market shock upward, the textile mill buys a little, the stock market basically does not have the fluctuation, the Chicago stock exchange soybean and the corn mostly strong.

Crude oil is also strong.

Analysts say,

cotton

Will continue to follow the peripheral market, though

cotton

The technological energy keeps pushing the market forward.

One analyst said that cotton futures had been fully oversold and cotton could soon return to 43 cents in May.

The resistance level was 41.85 cents, 42.75 cents and 43.60 cents in May.

  芝加哥期交所糧食和證券市場(chǎng)穩(wěn)定,將把5月期棉推至 45 美分附近。期交所報(bào)告,周一,ICE 棉花日庫(kù)存量減少 1,973 (500-磅)包,至總量 215,927 包,待登記庫(kù)存 10,981 包,撤單庫(kù)存 1,760 包。

  交易所報(bào)告,周一,ICE 棉花空盤量增加 68,至總頭寸 116,372。交易所報(bào)告,期棉成交量大約 5,374 手。期權(quán)交易,看漲期權(quán)大約 1,585 手,看跌期權(quán)大約 2,427 手。

Closing price range


03 months 40.52 +23 40.52-40.80


05 months 41.72 +23 41.39-42.38


07 month 43.07 +16 point 42.90-43.70


December 47.36 +16 point 47.00-47.90

Editor in chief: Xu Qiyun

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