Fundamentals have not changed much, and Shanghai rubber is still optimistic

Spot market: 14-year state-owned full latex 12000 (+200) in Shanghai; 14 years of Yunnan state-owned whole milk in Shandong 12000 (+200); The 14-year state-owned whole milk tax-free price in Hengshui is 11,700 (+200) yuan / ton, and the 15-year private whole latex price in Yunnan is 11,900 (+100) yuan / ton
.

The warehouse receipts of natural rubber futures in the previous period decreased by 70 tons
compared with yesterday.
The warehouse receipt of natural rubber futures in the previous period was reported at 260100 tons
.
Among them, Shanghai decreased by 40 tons, Shandong decreased by 30 tons, Yunnan Ping, Hainan Ping, Tianjin Ping
.

Shanghai rubber main contract (1609) position: the top 20 members long position 78346 (-5558), short position 94592 (-415), net short 16246

The 1609 main contract extended its volatile upward trend
on Tuesday.
From the 60-minute candlestick chart, the candlestick returns above the moving average system, and the technical indicator MACD red bar continues; On the daily chart, the K line broke through the 5-day moving average upward, the MACD red bar continued, the trading volume increased sharply, and the position volume decreased
slightly.

Comprehensive analysis, rubber fundamentals have not changed much, still optimistic
.
From the perspective of technical analysis, Shanghai Rubber on Wednesday estimates that the probability of continuing the oscillating trend is relatively large
.
The firm domestic spot will limit the pullback space of Shanghai rubber, and it may continue to break upward after the shock, it is recommended that bulls reduce their holdings at the high, and go long at the pullback, and it is not suitable to chase higher
.