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Afternoon review of Shanghai rubber market on November 12

 Last Update: 2022-12-13
 Source: Internet
 Author: User

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Last week, the Shanghai rubber rushing stage was under pressure in the 114000-11500 area, during which it repeatedly stepped back to test the 11000-11200 area, maintaining a sideways repeated wash trend
.

Shanghai rubber

At present, the supply and demand fundamentals of Shanghai rubber have not improved, and with reference to the overall atmosphere of industrial products, it is expected that Shanghai rubber will maintain a low level, mainly relying on the repeated washing trend
around 11000-11500.

Suggestion: For last week's repeated reminders of the key suppression of 11400-11500 area, the test area smoothly encountered resistance to fall, it is expected that Shanghai rubber will remain weak, pay attention to the 11000 band back step test performance, if it closes low near the line, there should be a further fall to unfold, otherwise the re-wash rebound test 11400-11500 is also very likely, kill the short single opportunity to take profit ideas, the main look at the washing trend
.

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