Crude oil fell back Shanghai rubber shock sorting

Night trading: Shanghai rubber RU1701 opening price 14105 yuan / ton, the highest price 14180 yuan / ton, the lowest price 14005 yuan / ton, the closing price 14110 yuan / ton; Up 5 yuan / ton, an increase of 0.
035%.

The opening price of the Nippon 1703 contract is 182.
3 yen/kg, the highest price is 182.
3 yen/kg, the lowest price is 178.
7 yen/kg, and the closing price is 179.
7 yen/kg; The trading volume was 5206 lots, and the position volume was 7589 lots
.

Domestic sales area market
.
15 years state-owned full latex 12000 (0) in Shanghai; 14 years Yunnan state-owned whole milk in Shandong 12000 (0); The 15-year quotation of state-owned full latex in Hengshui area is 11600 (-100) yuan / ton; Yunnan 15 years Yunxiang full latex quotation 12200 (-100) yuan / ton
.

The warehouse receipts of natural rubber futures in the previous period decreased by 60 tons
compared with yesterday.
The warehouse receipt of natural rubber futures in the previous period was reported at 289430 tons
.
Among them, Shanghai decreased by 530 tons, Yunnan increased by 140 tons, Shandong increased by 690 tons, Tianjin increased by 480 tons, and Hainan decreased by 840 tons
.

The main contract of Shanghai rubber 1701 fluctuated in a narrow range on Wednesday and traded sideways overnight
.
From the 60-minute K-line chart, the K-line fell back below the 5-day moving average, and the technical indicator MACD red column turned green; On the daily chart, the K line breaks through the moving average system upwards, and the MACD red bar continues
.
Trading volume fell sharply and positions continued to expand.

Overall, the technical picture is still strong, and there may be a pullback demand
within the day.

Holdings of the main contract (1701) of Shanghai rubber: the top 20 members have long positions of 74316 (+293), short positions of 85520 (+405), and net short positions of 11204
.

Comprehensive analysis, yesterday's Shanghai rubber range oscillation is the mainstay
.
Global fundamentals have improved, and the view
of bottoming out and stabilizing is maintained in the medium and long term.
It is recommended that investors can consider going long in the 01 contract when it pulls back to around 13500, do not chase long, and refer to the upper pressure level at 14300
.
Thailand's raw material prices pulled back slightly, and crude oil adjusted slightly overnight, and it is expected that Shanghai rubber will be dominated
by shock finishing during the day.