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Shanghai rubber market afternoon review on August 20

 Last Update: 2022-12-12
 Source: Internet
 Author: User

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Last week, Shanghai rubber was under pressure at 12500 and fell back, breaking through the 12000 mark in the second half of the week, resuming the technical decline
.

Shanghai rubber

From the perspective of the trend of Shanghai rubber, this week focus on the 12000-12200 area, the rebound does not break the area, should maintain the shock low rhythm, the following focus on the 11500-11700 area, encounter the area of the fall breakdown, should accelerate the killing
.

Suggestion: Shanghai rubber last week successfully achieved a wave of sharp rush back down, new positions can rely on 12000-12200 around the short order intervention, stop loss reference 12200 station, in case of resistance to fall focus on 11500-11700, can be appropriately reduced in this area, and so on clearly break through 11500 consider adding positions to follow up, maintain a continuous decline expectations
.

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