Bullish factors are still oscillating in the Shanghai rubber range

Domestic sales area market, Shanghai area 14 years state-owned full latex 10750 (+50); 14 years of Yunnan state-owned whole milk in Shandong 10800 (+100); The 14-year state-owned whole milk tax-free price in Hengshui was 10,700 (+150) yuan / ton, and the 15-year private whole latex price in Yunnan was 10,850 (+100) yuan / ton
.

The warehouse receipts of natural rubber futures in the previous period increased by 7120 tons
compared with yesterday.
The warehouse receipt of natural rubber futures in the previous period was reported at 248,900 tons
.
Among them, Shanghai increased by 450 tons, Shandong increased by 5770 tons, Yunnan increased by 900 tons, Hainan Ping, Tianjin Ping
.

Holdings of the main contract (1609) of Shanghai rubber: the top 20 members have long positions 73284 (-1297), short positions 89617 (-4120), and net short positions 16333.

The main contract of Shanghai rubber 1609 was range-bound yesterday
.
From the 60-minute K-line chart, the K-line fell back above the 20-day moving average, the technical indicator MACD red bar narrowed, and KDJ weakened; On the daily chart, the K line stands above the short-term moving average, the MACD green column continues to narrow, KDJ breaks out from the 20-50 range upward, the volume is enlarged, and the position volume decreases
slightly.

Comprehensive analysis, the bullish factor still exists, and it is not recommended to short
for the time being.
From the perspective of technical analysis, Shanghai Rubber today estimates that the probability of range oscillation (11200-12000) is relatively large, and it is recommended that the previous low long order can continue to be held, and the stop loss
of 11500.