Zhang Dongsheng: Momentum Is Good &Nbsp; Fall Down Should Buy.

Trading strategy

Yesterday, the domestic futures market generally opened up and fell more or less, and cotton fell sharply.

The external market yesterday was higher or lower, generally high, or limited, and cotton was also led by a down limit.

We have expressed a little caution in yesterday's market, but we are still firmly optimistic about the rest of the year.

At present, we will not change our strategy and be sure of the goal of the middle line.

market analysis

Yesterday, the basic metals in Shanghai were running high and soft. The 1103 contract of Shanghai copper main contract opened up to 70000. This is the target price we gave in November 26th. Now it is cash in advance. Please check our original text: "today we make a bold prediction. We expect that Shanghai copper will rise to 70000 yuan again before the new year's day in 2011."

We were talking about the 1103 contract.

Most of the varieties in London metal market rose yesterday, copper fell slightly, closing at 9345, and aluminum rose fourth days in a row.

The price of copper on the short term has been softer. It always gives people a sense of confusion. But we are psychologically prepared, and once again stressed that any drop in this week is a good opportunity to buy in the short term.

We should pay special attention to the trend of today and tomorrow. Copper prices may be pulled up any time, and hopefully before New Year's day, we will go to the revised target we gave last week, that is, Lun Tong see 9550-9680.

We have no reason to abandon the copper bull positions. This is our priority.

Yesterday, rubber, PTA and other varieties opened lower.

Shanghai rubber is a little cautious when attacking the high point in November 11th, and the short positions are being tightly arranged. But we believe that the form of rubber will not be deceiving. This is a wave of high inflation. We can see the gap drop in the process of rising, and every time it will end soon, bulls always take the initiative, this time is no exception.

We expect that rubber will continue to rise today, and it will remain bullish before New Year's day. It should be no problem to break through the November 11th high point, or even go to the 40000 mark.

Let us take a look at the US crude oil. The main contract for February has reported 4 consecutive days along with the Yang line. Although the highest price in the second half of December 7th has not yet been broken, the momentum will not stop, and it is expected to accelerate gradually.

Crude oil continues to bullish, which will bring good support to the whole commodity market.

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Cotton was a leading variety yesterday. The Zhengzhou cotton 1109 contract fell more than 4.5%, and the US cotton reported its limit shortly after the electronic disk opened.

Cotton is the breed that we are paying close attention to recently. As long as there is fluctuation, as long as there is a trend, it is a good variety.

The US cotton is a reversal after the emergence of a continuous high limit and a record high. Although it is a rapid occurrence of a limit or a fatal ending, we are concerned about the performance of the intraday market today. It is very likely to stabilize and guide the next one or two weeks to continue to rise.

Although yesterday's big decline, Zhengzhou cotton in the short and medium line form the same preferences, is expected to pull back yesterday's decline in a relatively short period of time.

As long as we do a good job, we can still try to buy cotton at a low price, and the 1109 contract is expected to reach 30000.

Finally, simply speaking, we have not changed our view of beans, and continue to look at soybean varieties which are mainly soya bean oil. There will be a good rise in the short line today. Tomorrow, for the 1109 soybean oil contract, our judgement will still be able to re hit the highest price this year before and after the new year's day 10554.

Operation suggestion

We suggest that the central line will continue to hold a lot, and many new players can take advantage of low entry today, taking Shanghai copper and rubber as their main targets.