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Afternoon review of the plastics market on May 17

 Last Update: 2022-12-10
 Source: Internet
 Author: User

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On Wednesday, the 9480-9520 area prompted by the smooth pressure of plastic morning trading fell back in resistance, and the 9400 line was tested again during the session, but the line failed to break down and entered a sideways wash trend
.

plastics

It is expected that the plastic should open around 9460, focusing on the suppression around 9500-9550, or there will be another high test, but the difficulty of standing is still large, the high is expected to fall, and the focus is on the 9400 continuous test performance
.

Suggestion: Plastic successfully relied on the 9480-9520 area yesterday to fall back in resistance, giving 9400 short short take profit opportunity intraday, the trend is consistent
with the prompt.
Within the day, you can consider relying on 9500-9550 short orders to continue to follow-up, stop loss reference 9550 breakdown, fall stage continue to reduce around 9400, the rest to see the line break realized
.

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