Shanghai rubber range oscillation remain cautiously optimistic

Domestic sales area market
.
14-year state-owned full latex 12400 (+250) in Shanghai; 14 years of Yunnan state-owned whole milk in Shandong 12500 (+200); The 14-year state-owned whole milk tax-free price in Hengshui is 12,000 (+100) yuan / ton, and the 15-year private whole latex price in Yunnan is 12,300 (+200) yuan / ton
.

The warehouse receipts of natural rubber futures in the previous period decreased by 160 tons
compared with yesterday.
The warehouse receipt of natural rubber futures in the last period was reported at 263890 tons
.
Among them, Shanghai increased by 80 tons, Shandong decreased by 40 tons, Yunnan decreased by 200 tons, Hainan Ping, Tianjin Ping
.

Holdings of the main contract of Shanghai rubber (1609): the top 20 members have long positions of 72294 (-183), short positions of 87822 (+802), net short 15528; The average price of our long position is 12045(0), and the average price of short position is 11942(0).

The 1609 main contract was volatile on Tuesday
.
From the 60-minute candlestick chart, the K-line crosses the 40-day moving average below, and the technical indicator MACD green bar continues; On the daily chart, the K line oscillated near the 5-day moving average, supported by the 10-day line, the MACD red column continued, KDJ showed signs of overbought fall, and the trading volume and position fell
back.

Comprehensive analysis, affected by the sharp decline of black varieties, the price of energy varieties fell
slightly.
Heavy rains will fall throughout Thailand in the future, which may alleviate the current drought situation
.
From the perspective of technical analysis, Shanghai rubber estimates the probability of range oscillation
.
The firm domestic spot will limit the pullback space of Shanghai rubber, we still remain cautiously optimistic about Shanghai rubber, it is recommended that bulls reduce their holdings at the high, go long at the pullback, should not chase high, pay attention to the rhythm
.