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    Home > Chemicals Industry > New Chemical Materials > Afternoon review of Shanghai rubber market on November 5

    Afternoon review of Shanghai rubber market on November 5

    • Last Update: 2022-12-13
    • Source: Internet
    • Author: User
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    Last week, Shanghai rubber hit the lowest of 11125, and the weekly long mid-black line closed
    .

    Shanghai rubber

    From the perspective of the trend of Shanghai rubber, the weekly five-consecutive black line continued to decline, and the market entered the downward stage
    .
    For the intra-week trend, short-term suppression focuses on the 11500 area, as long as the recovery is difficult to stand on the line, or not far from the line, there should be a shock fallback continuation, below pay attention to the 11000-11200 area
    .

    Suggestion: Shanghai rubber also needs to pay attention to the 11400-11500 area, you can rely on the area of new short orders to follow up gradually, stop loss reference 11500 high stand, if the resistance to fall back to close down to 11000-11200 area, you can continue to hold short orders, the rest of the fall is not as expected trend, intraday short-term or opportunistic reduction is appropriate
    .

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