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Shanghai rubber market afternoon review on June 11

 Last Update: 2022-12-10
 Source: Internet
 Author: User

Tags

new low

hand washing time

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Last week, the Shanghai rubber repeated washing stage obviously under pressure on the 11800 line, the second half of the turnover weak to kill, smoothly down to the 11400-11500 area, the trend is consistent
with the prompt.

Shanghai rubber

After last week's rush back down, Shanghai rubber has entered the downward stage, but Shanghai rubber is still not suitable for chasing the short, short-term can observe the suppression of 11500-11600, it is expected to test the area of resistance to fall, shock low expectations
.

Suggestion: Last Friday, Shanghai rubber smoothly underwent pressure on the 11800 line to rush back down, giving a short profit opportunity
around 11400-11500.
New positions can wait for 11500-11600 with short orders to intervene, stop loss reference 11700 line, fall stage focus on the 11400 line, close low or down, can expect further decline to achieve, otherwise the fall is not as expected, may enter repeated washing, at this time the short single choose the opportunity to leave
.

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