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Shanghai rubber market afternoon review on October 29

 Last Update: 2022-12-13
 Source: Internet
 Author: User

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short term memory

short term incentive

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Last week, Shanghai rubber updated its previous four-month low, hitting a low around 11535
.

Shanghai rubber

From the perspective of the trend of Shanghai rubber, after last week's shock fall, it has now re-entered the medium-term turning downward stage, and the 11800-12000 area corresponds to the short-term suppression area
.
For intraday trends, you can focus on observing the continuation of the dynamic mid-black line, such as the mid-black candlestick closing below the 11500-11600 area or below this area, there should be further acceleration of the killing
.

Suggestion: Shanghai rubber downward trend gradually smooth, short selling stage focus on 11800-12000 area, as long as the recovery does not break the area, there should be a downward trend continuation, if the black line can be smoothly closed lower, you can expect further downward expansion, maintain short selling follow-up ideas
.

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