Lianplastic shock lower below focus on the 7650 line of support

In terms of news: the average price of CFR Northeast Asia ethylene was 1020 US dollars / ton, up 10 US dollars / ton
from the previous trading day.
The average price of CFR Southeast Asian ethylene was 900 US dollars / ton, stable
from the previous trading day.

Spot market: The trading center of the domestic polyethylene market continues to shift
.
Crude oil fell sharply, linear futures performance was not good, the opening price of domestic main regional sales companies was partially reduced, the range was around 50 yuan / ton, the market merchants were cautious, the offer continued to be lowered, and the overall trading atmosphere was light
.
As of the morning close, North China fell 50-150 yuan / ton; East China fell 50-100 yuan / ton; South China fell around 50 yuan / ton
.

Warehouse receipt inventory: exchange warehouse receipt reported 2261 lots; In the historical median zone, intraday -226 lots
.
Main positions: The top 20 long positions in the main contract are 199435 lots, +8009 lots, short positions are 242651 lots, +15461 lots, and net long positions are -43216 lots, -7452 lots
.

Summary: The high level of crude oil falls, the Sino-US trade war intensifies, and the downstream demand for plastics generally suppresses the price of Liansu, but the increase in equipment maintenance and the decline in the two oil inventories will support the price of LLDPE
.
Technically, the L1909 contract fluctuated lower, the trading volume and position increased significantly, and the main position showed that the main position increase of the long party was not as strong as the main position increase of the bear, and the short side had the advantage
.
The indicator MACD is flattening low, the green bar is elongated, and the KDJ indicator shows signs
of a median turn downward.
Operationally, investors can continue to hold short orders in their hands, and pay attention to the support of the 7650 line below
.