Global fundamentals have improved and Shanghai rubber range oscillation

Night trading: RU1705 contract opened at 18110 yuan / ton, the highest price was 18155 yuan / ton, the lowest price was 17950 yuan / ton, and the closing price was 18150 yuan / ton, up 40 yuan / ton, or 0.
22%.

The opening price of the Nippon 1706 contract is 275 yen/kg, the highest price is 278.
2 yen/kg, the lowest price is 270.
3 yen/kg, and the closing price is 273.
1 yen/kg; The trading volume is 9667 lots, and the position volume is 9200 lots
.

Domestic sales area market: Shanghai market, Yunnan 15-year full latex quotation 16400 (+200) yuan / ton; Shandong market, Yunnan 15-year full latex quotation of 16400 (+200) yuan / ton; Hengshui market, 15-year state-owned whole milk tax-free quotation 16000 (+600) yuan / ton, Yunnan market, 15-year Yunxiang full latex quotation 17100 (+300) yuan / ton
.

As of January 4, 2017, rubber stocks in Qingdao Free Trade Zone fell by 0.
4% to 105,200 tons
.
Specifically, the inventory of synthetic rubber fell to 22,300 tons, a decrease of 12.
2%, which was the main factor for the decrease in the total rubber inventory in the current period
.
The continued net inflow of standard rubber boosted the number of
natural rubber stocks.
On the whole, the recent changes in rubber stocks in Qingdao Free Trade Zone are not very large, and the increase and decrease are relatively flat
.
The next step is to face the test of the market's pre-Spring Festival stocking sentiment
.
The warehouse receipts of natural rubber futures in the previous period increased by 1200 tons
compared with yesterday.
The warehouse receipt of natural rubber futures in the previous period was reported at 239280 tons
.
Among them, Shanghai increased by 1200 tons, Yunnan Ping, Shandong Ping, Tianjin Ping, Hainan Ping
.

The main contract of Shanghai rubber 1705 was range-bound on Thursday and continued
overnight.
From the 60-minute K-line chart, the K-line returned to the moving average system below oscillation, the moving average system flattened, and the technical indicator MACD red column turned green; On the daily chart, the candlestick fell back below the 10-day moving average, and the MACD green column continued to show signs of
narrowing.
Trading volume and position volume decreased
.
Overall, the technical picture is weak
.

Comprehensive analysis, Shanghai rubber range oscillation
on Thursday.
Global fundamentals have improved, and the view
of bottoming out and stabilizing is maintained in the medium and long term.
The 01-05 spread closed at 590
as of the close.
It is expected that the Shanghai rubber will be mainly volatile during the day, and it is recommended that investors go long on the dip and do not chase long
.