Shanghai rubber range oscillation late retreat

Domestic sales area market
.
14-year state-owned full latex 10750 (0) in Shanghai; 14 years of Yunnan state-owned whole milk in Shandong 10800 (0); The 14-year state-owned whole milk tax-free price in Hengshui was 10,700 (0) yuan / ton, and the 15-year private full latex price in Yunnan was 10,850 (0) yuan / ton
.

The warehouse receipts of natural rubber futures in the previous period decreased by 120 tons
compared with yesterday.
The warehouse receipt of natural rubber futures in the previous period was reported at 248780 tons
.
Among them, Shanghai decreased by 100 tons, Shandong decreased by 20 tons, Yunnan Ping, Hainan Ping, Tianjin Ping
.

Holdings of the main contract (1609) of Shanghai rubber: the top 20 members have long positions of 75310 (+2726), short positions of 93035 (+3418), and net short positions of 17725
.

The main contract of Shanghai rubber 1609 fell in range
volatility yesterday.
From the 60-minute K-line chart, the K-line fell back below the 60-day moving average, and the technical indicators MACD and KDJ weakened; On the daily chart, the K line oscillates near the short-term moving average, the MACD green column continues to narrow, the KDJ weakens, the trading volume decreases, and the position volume increases
slightly.

Comprehensive analysis, the bullish factor still exists, and it is not recommended to short
for the time being.
From the perspective of technical analysis, Shanghai Rubber today estimates that the probability of range oscillation (11200-12000) is relatively large, and it is recommended to open a position on the dip and stop loss
at 11200.