R & D department in Zhengzhou Jia Hui Zheng Hui
sugar analysis:
Dow Jones News, India, Balrampur Chini sugar Vivek Saragi general manager, said this year's sugar production levels than expected, estimated that the sugar consumption in India, the world's number one the second largest sugar-producing countries and countries may no longer import sugar. because of the sugar cane rate, the 09/10 crop production from the previous expectation of about 1500 tons to 1850 levels, crop production will be the next because of increased acreage jumped 2300-2400 ten thousand tons.
ICE sugar futures fell on the 4th, reaching the lowest level since the year as the dollar rose, increasing the supply of sugar, raising the original selling activities .7 Sugar futures fell 0.47 cents, or 3%, to 14.51 cents / pound, the most since May 1, 2009 the lowest point since. The market for euro-zone renewed concerns about debt, the dollar rose, commodity prices down. investors worried the crisis will spread the debt of Greece to Spain and Portugal, prompting traders to buy dollars to hedge risk. Currently, the supply of sugar in Brazil in terms of increased sugar production in India is also expected to be much higher than the initial assessment. expected to Brazil Sugarcane production in 2010-11 will reach a record high of 6,643 million tons, an increase of more than 9.9% due to the current weather situation has been beneficial to plant growth. Brazilian sugar production is expected to increase at the same time, the Government will levy sugar import tax, would further the expected reduction in demand.
Zheng main sugar quickly after opening the day before 1101 under contract for more than 4 month break since the mid-term support for 4900 yuan, 5,000 yuan on the price has been above the suppression of the formation of medium-term technical resistance, short-term space technology have continued to test a low side 4750 yuan for the test support near the bottom of the intention. currently not suitable for below 4860 yuan more than the blind held overnight operation, days of speculation in the 4830 yuan is also under the short-term bearish trend, need to be cautious bullish market trends. technical lower support 4720 yuan, and 4630 yuan in the vicinity; break the plate was steady at 4,860 yuan or more, there is a weak rebound in short-term speculative movements demands strong day rally near the top of the resistance in 4880 yuan.
Gold:
New York Mercantile Exchange (COMEX) 4 �� fell on, but the five-month high hit earlier in the session due to profit-taking offset by the gold exchange-traded fund (ETF) and the strong sovereign credit worries drive cash flow. COMEX gold market in June settled down $ 14.10, or 1.2%, to 1,169.20 dollars an ounce, after trading between between 1,166.90-1,192.80 U.S. dollars, which is the highest December 4. COMEX floor trader Jonathan Jossen said that the price of gold in the 1,192 U.S. dollar hit technical resistance, prompting the gains after investors took profits. traders said, as U.S. stocks tumbled and commodity markets fell, the investor is selling gold liquidity needs. Meiguzhongcuo 2.5%, due to sovereign credit concerns, and Commodity markets also fell, led by oil price decline of 4%. The euro fell to just over $ 1.30 against the dollar level, the dollar index. DXY rose 1%, making gold and other commodity markets under pressure.
London Gold 1200 yuan the day before near the attack against profit-taking, fell below the key short-term technical support to 1176.5 yuan investment, and technology will be consolidation in 1160 yuan more than the main shock. The current in the bottom of 1176.5 yuan consolidation trend for the short-term shocks, 2 days break 1176.5 yuan on the market outlook will again touch around 1,186 yuan strengthen, then an empty one should note that speculative market risk.
1012 Shanghai Golden day before the main contract in the test after the shock resistance of 260 yuan at the top down, the market more confidence to recover, there is short-term dropped from 257 to 256.5 yuan near the shock consolidation of the technical requirements. days of below 258 yuan more than wait to see the bottom of the main speculative and are not held overnight, multi-blind, lower support 256.5 yuan; if two days was steady at 257.3 yuan to the top shock consolidation, the market outlook still continue to rise in short-term requirements, when the speculative space is required to be pay attention to market risk.
Copper:
COMEX copper futures fell 4, hit a low of two and a half, due to China to further tighten monetary policies, raising concerns about the outlook for demand, while the dollar rose. COMEX copper market in July fell 11.50 cents, or 3.5%, to $ 3.1785 / lb, since 12 February, the lowest since. Copper rose by USD The intense pressure, while the stock market sell-off occurs, the issuance of investor concerns about market liquidity, have left the metals markets. market also worried about the EU's financial rescue plan to take Greece may not be sufficient to resist other EU countries, the debt crisis, to promote the U.S. stock market fell Reuters CRB index fell more than 2%, five-week low. euro against the dollar, driven by this factor is also lower, down to a year low. China raised bank reserve ratio by 50 basis points, is the third time this year the ratio increased , raising concerns about the outlook for demand.
1008 Shanghai copper contract the main short-term rebound in weak, short-term bear trend in the same band. the day before near the weak correction in the 58,000 yuan, to close out the recent new low level, short-term existence of the short side of the price to continue to suppress 55,700 yuan below support the intent. current below 57,900 yuan in the overnight market trends temporarily blind to see more operations; 2-3 days if the price was steady at 55,300 yuan of more than 57,000 yuan or above intraday Shouwen in, then launch it has a weak short-term multi- rebound intention, can then be properly recognized.
soybean:
CBOT soybean futures ended mixed 4-month contract rebounded from early losses, supported by the soybean futures and the old / new contracts carry trade support . CBOT May soybean futures market closed up 1 1 / 4 cents, or 0.13% did not, at $ 9.77 / bushel, July contract closed up 1 / 2 cents, or 0.05%, at $ 9.87 / bushel, November contract closed down 3 1 / 2 cents, or 0.36%, at $ 9.63 / bushel.
1101 soybean contract the day before the main parties support the market in the vicinity of 3960 yuan, 3950 yuan sideways shock first-line basic Shouwen. parties did not give up to continue intention to do more technically than the 3,960 yuan a brief shock consolidation requirements, can offer stability in today above 3970 yuan is launching a multi-key up. The current to maintain the high side at 3,960 yuan at the top ideas to run in more than 3950 yuan not suitable for the blind held overnight air operation; speculative resistance on the upside 4,000 yuan, 4,020 yuan; if below 3950 yuan intraday bull run will be transferred to the short-term shock consolidation pattern, lower support 3,920 yuan, 3,900 yuan, when more than one speculative should pay attention to market risk.
1101 oil failed to break the day before the main contract offer stability at 37,850 yuan or more, see more popular enough and technically to be short-term bottom at 7850 yuan continue to shock consolidation, there are drop tested from 7800 to 7780 yuan near the support of the request. today can offer a stable multi-party in 7850 yuan over whether to launch up the key. to maintain the current bearish below 7840 yuan in the idea of running, run the following in 7850 yuan more than suitable for the blind held overnight; 7,800 yuan lower support to 7780 yuan, breaking the plate in 7850 yuan stable above the disk, then there is a rebound short-term resistance of the test file of 7900 yuan on the requirements of speculative space will need to pay attention to market risk alone.
contract the day before the main meal was steady at 1101, 2915 million to support the market over the nature of the strong shock consolidation, the basic Shouwen 2910 yuan sideways shock line, multi-intent to continue to do more technically than 2920 yuan in short-term shock consolidation of requirements, can offer stability in today above 2930 yuan Does started up a multi-key. the current 2,900 yuan at the top to maintain the high side in the idea of running, running more than 2,910 yuan in the appropriate space blindly held overnight; resistance of 2960 yuan speculation on the upside, 3030 yuan; below 2910 yuan if the plate is short-term bull run will be transferred to shock consolidation pattern, lower support 2880 yuan, 2850 yuan, then one should pay attention to more speculative market risk.
1009 main contracts short Plastic repeated shocks twice failed to break up the key to long and short 11,500 yuan watershed, technology will continue the range of 11,500 to 11,300 yuan box pattern of the main shock. there is once again test a low short-term trends for 11,350 yuan to support the request. today can offer over 11,400 yuan stable in a multi-resistance is another challenge to 11,500 yuan key. The current 11,500 yuan more than held overnight to run appropriate blind; on the resistance of 11,500 yuan speculation file, 11,550 yuan; if the disk is below 11,400 yuan will be transferred to weak short-term rebound pattern, lower support 11,330 yuan, 11,250 element, then one should pay attention to more speculative market risk.
of: research and development in the Zhengzhou Futures Hui Jia Hui
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