Shanghai rubber range oscillation high short selling

The opening price of the Nippon 1612 contract is 159.
1 yen/kg, the highest price is 160.
8 yen/kg, the lowest price is 158.
4 yen/kg, and the closing price is 159.
5 yen/kg; The trading volume was 3558 lots, and the position volume was 14378 lots
.

Domestic sales area market
.
14-year state-owned full latex 11100 (+100) in Shanghai; 14-year Yunnan state-owned whole milk 11100 (+200) in Shandong; The 14-year state-owned whole milk tax-free price in Hengshui area is 10,600 (+100) yuan/ton, and the 15-year private whole milk tax-free quotation is 10,800 yuan/ton (+100) yuan/ton; Yunnan 16 years private full latex quotation of 10800 (0) yuan / ton
.

The warehouse receipts of natural rubber futures in the previous period decreased by 170 tons
compared with yesterday.
The warehouse receipt of natural rubber futures in the previous period was reported at 308050 tons
.
Among them, Shanghai decreased by 130 tons, Yunnan decreased by 30 tons, Shandong Ping, Tianjin decreased by 10 tons, and Hainan Ping
.

Positions of the main contract of Shanghai rubber (1609): the top 20 members have long positions of 68626 (-1123), short positions of 83596 (-2567), and net positions of 14970
.

The main contract of Shanghai rubber 1609 was range-bound yesterday
.
From the 60-minute K-line chart, above the 10-day moving average on the K-line station, the technical indicator MACD is good; On the daily chart, the K line closed in the sun, stood on the 11000 platform, stood on the 5-day moving average, and the MACD red column continued
.
The support level is 11000, the first resistance level is 11550, the second resistance level is 11800, the trading volume is amplified, and the position volume has decreased
significantly.

Comprehensive analysis, yesterday's Shanghai rubber main contract fell slightly after soaring
.
We believe that the biggest contradiction of Shanghai Rubber is still the warehouse receipt
in the previous period.
According to foreign media reports, the International Tripartite Rubber Council (ITRC) is about to meet to discuss whether to extend the term of the rubber "export tonnage plan" that will end in August this year
.
The meeting will be held
in the third week of August or before the deadline for rubber export restrictions on August 31.
Whether the outcome of the meeting has an impact
on the disk.