December 24 is not high cotton futures buying
Zheng Tuesday cottonshrinking down, positive cash and technical pressure on cotton price down into the main reason. Although traders have sold better preserve and increase profits, but the new space Monday when the majority of positions in the Tuesday, the market short of kinetic energy is not strong, and the initiative of buying relatively stable, indicating the market is currently relatively bullish on the cotton price , cotton price will maintain a pattern of slowly rising. However, the spot price of the period of stagnation caused by poor current general constraints Zheng had gained momentum cotton, it is not recommended in high, careful to hold down more than a single, such as callback 905 contracts to 11,500 yuan / ton line can continue to buy into the next target to 12,000 yuan / ton line. Today will beginof 1,500,000 tons, the new policy will bemarket still need to pay more attention to a positive response.
 
Today is the traditional Western countries last trading day immediately enter 2009; economic crisis affecting the present, January 5, 2009 off to a good start on Monday, is whether, when the Government give people the red cannon; next five years China’s practice in a small Qing, a decade Daqing, the sixtieth anniversary of the founding of the big celebration is another highlight, the Chinese economy can hold on, the stable development of China’s National People’s top priority, the Chinese Government is facing the biggest challenge ever; the world is the rise and fall , the responsibility of every man, standing around the difficulties of the CPC Central Committee is the responsibility of each one of us, I believe our country will be better next year!

Yesterday the U.S. housing sales data continues to deteriorate, the U.S. dollar index continued to shocks; original continue callback, commodities mixed, with the U.S. cotton to continue trading, slightly up 0.13, is expected to domestic futures opened 0905 around 11,720 yuan; currently Zheng cotton channels on the rise , 12000 formed in a period of consolidation is expected to range in price between 11600-12200 Wide concussion, the focus of a gradual shift; ifcan effectively stimulate the seed cotton prices, then selling period theories about 12,000 sets of security will gradually increase cost-shifting; operations continue to wait and see, to buy 11,500 sets of security following the gradual buying, following the radical who bought 11,600.