Technical Graphics Slightly Improved &Nbsp; Cotton Price Downward Trend Has Not Yet Stopped.
May 16th, ICE
futures
The July contract trend is similar to last Thursday, but in the opposite direction, cotton prices all the way.
Rise
After the fluctuation, the dollar index fell, China's Zheng cotton futures maintained strong and a substantial decline in registered inventory contributed to the increase in cotton prices.
Judging from the current situation, the growth of new cotton is still not optimistic, because the delta floods are still raging, so the final number of cotton production is likely to decline.
But the prediction of relevant institutions is that
cotton
Corn and other crops, the local field loss of 30.4-245.3 million mu.
In addition, Texas's drought did not ease, and last week's small rainfall did not benefit Texas.
ICE futures
Limit up
The success helped cotton prices break away from the support price of 140-143 cents and eased.
market
Overselling pressure.
At the same time, the limit is the third time in the past two weeks, which can be seen as a strong rebound in cotton prices in the downward trend.
From the perspective of technical graphics, the July contract for the first time in the past five weeks has been closed above the average price for 10 days, the next rise resistance is 155.13 cents and the 20 day price average 155.88 cents, 10 days average price 148.91 cents, although it can be seen as a support price, but the strength is not strong, the main support is still near 143 cents.
- Related reading
Fan Bingbing'S Reddish Ancient Rome Single Shoulder Long Skirt Appeared In Cannes
|- Fashion character | 范冰冰：奖来的刚刚好!
- Local hotspot | China'S Karate Strong Attack &Nbsp; Li Hong Won The First Asian Games Gold Medal.
- Local hotspot | Hongkong, China Won The Best &Nbsp In The Asian Games; Timothy Fok Must Be A Good Athlete.
- regional economies | Incubating The Core Of Creative Garden
- Local hotspot | Liu Xiang 13 Seconds 09 Record Gold &Nbsp; Three Consecutive Success Of The First Asian Games
- Market trend | Go Up Faster And Fall Faster.
- Fashion character | Sammi Cheng'S Fashion Short Skirt Has A Press Conference. Punk Is Full Of Flavour.
- Market quotation | China'S Clothing Brand Profit Is Only 1/3 Of Foreign Brands.
- Industrial Cluster | "12Th Five-Year" Textile Industry Faces Collective Pformation
- Fashion character | Fish Leong'S Naked Fur Comes Out, With Long Hair And Short Hair.
- The Two Hundred Million Project Is Located In Yanling, Hunan &Nbsp, Boosting The Development Of Textile Industry.
- Dapeng Customs Seized More Than 6400 Pairs Of "Shanzhai" NIKE Shoes.
- Italy Rich Wolf Brand New Autumn And Winter New Product Order Will Be Held In Jinjiang
- Fashion Dealers Favor The Purchase Mode Of "Eat Less And Eat More".
- PEAK Plant Moved To Inland &Nbsp; Solve The High Cost Problem.
- Xiangyang Fancheng Speeds Up Textile And Chemical Fiber Technology Innovation
- Skirt Changes Greatly, Boyfriends Love Super Sprouting Children.
- Fan Bingbing'S Reddish Ancient Rome Single Shoulder Long Skirt Appeared In Cannes
- Lovely And Casual Style Becomes The Darling Of Children'S Clothing Market.
- Wenzhou'S Small And Medium-Sized Enterprises Are Robbed Of Life And Death &Nbsp; Wen Shang'S Road Of Salvation.