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Shanghai rubber market afternoon review on May 7

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

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Before the Shanghai rubber festival, Shanghai rubber smoothly fell below 11300, and entered a short-term rebound after the festival, but finally encountered resistance to the 11700 line and resumed the sideways washing trend
.

Shanghai rubber

For the trend within the week, Shanghai rubber focuses on observing the 11700 line repeated test performance, encountering the line rushing high breakout, the disk is from a horizontal wash to a turn upward trend, short-term high target reference to the 12000 area, for the horizontal suppression of the 11700 line continues to be difficult to break, still look at the 11200-11400 short-term killing target, the main to horizontal wash treatment
.

Suggestion: Shanghai rubber is still looking at the 11200-11700 wash area in the near future, intraday test 11700 line can consider short orders to continue to follow, stop loss refer to the 11800 line, rush back down stage pay attention to the 11200-11400 area, refer to the sharp fall short order take profit area, short-term participation ideas
.

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