Shanghai rubber shock weakened short-term moving average weaker

Night trading: Shanghai rubber RU1709 contract opened at 16730 yuan / ton, the highest price was 16790 yuan / ton, the lowest price was 15800 yuan / ton, and the closing price was 15830 yuan / ton; It fell by 900 yuan / ton, down 5.
38%.

The opening price of the Nippon 1709 contract is 250 yen/kg, the highest price is 250 yen/kg, the lowest price is 244.
1 yen/kg, and the closing price is 248.
7 yen/kg; The volume was 5775 lots, and the position volume was 5306 lots
.

Domestic sales area market: Shanghai market, Yunnan 15-year full latex quotation 15400 (0) yuan / ton; Shandong market, Yunnan 15-year full latex quotation of 15500 (+100) yuan / ton; Hengshui market, 15-year Yunxiang whole milk quotation 15000 yuan / ton (+200) yuan / ton, Yunnan market, 16 years private full latex offer 15700 (0) yuan / ton
.

The warehouse receipts of natural rubber futures in the previous period decreased by 300 tons
compared with yesterday.
The warehouse receipt of natural rubber futures in the previous period was reported at 283670 tons
.
Among them, Shanghai decreased by 200 tons, Yunnan decreased by 100 tons, Shandong Ping, Tianjin Ping, Hainan Ping
.

The main contract of Shanghai rubber 1709 was range-bound yesterday, and fell sharply to the 15,000 platform
in overnight trading.
From the 60-minute K-line chart, the K-line fell back below the moving average system, the short-term moving average weakened, and the technical indicator MACD green column enlarged; On the daily chart, the K-line fell below the 10-day moving average, and the MACD green column continued
.
Volume decreases and positions increase
.
Overall, short-term technical weakness
.

Comprehensive analysis, the main contract of Shanghai rubber weakened yesterday, and fell sharply in overnight trading
.
From the perspective of futures reflecting expectations, the rise in rubber in the early stage has fully realized the positive, market sentiment has changed, we expect 22,000 points may be the high point of the year, and the medium and long-term bearish thinking remains unchanged
.
At present, the fundamentals have not changed much, spot shipments are average, and the auto dealer inventory warning index in March reached 61.
9% and then exceeded the warning line
.
The future downstream orders are worth paying attention to
.
We expect to continue the weak volatility trend during the day, and investors are advised not to chase shorts, and short orders can take profit at the low around 15,000
.