Shanghai rubber volatility intensifies, selling short at high prices

The opening price of the Nippon 1612 contract is 159.
3 yen/kg, the highest price is 159.
8 yen/kg, the lowest price is 157 yen/kg, and the closing price is 158.
1 yen/kg; The trading volume was 3514 lots, and the position volume was 14427 lots
.

Domestic sales area market
.
14-year state-owned full latex 11000 (+250) in Shanghai; 14 years of Yunnan state-owned whole milk in Shandong 10900 (+100); The 14-year state-owned whole milk tax-free price in Hengshui area is 10,500 (+200) yuan/ton, and the 15-year private whole milk tax-free price is 10,700 yuan/ton (+200) yuan/ton; Yunnan's 16-year private full latex quotation was 10800 (+100) yuan / ton
.

The warehouse receipts of natural rubber futures in the previous period increased by 400 tons
compared with yesterday.
The warehouse receipt of natural rubber futures in the previous period was reported at 308220 tons
.
Among them, Shanghai decreased by 120 tons, Yunnan increased by 400 tons, Shandong decreased by 80 tons, Tianjin Ping, Hainan increased by 200 tons
.

Positions of the main contract of Shanghai rubber (1609): the top 20 members have long positions of 69872 (+918), short positions of 86601 (-45), and net short positions of 16729
.

The main contract of Shanghai rubber 1609 increased volatility yesterday
.
From the 60-minute K-line chart, the K-line is still oscillating above the 40-day moving average, and the technical indicator MACD green bar narrows; On the daily chart, the K line closed in the sun, standing firmly on the 11000 platform, there is a certain pressure on the upside and down, and the MACD green column turned red
.
The support level is 10540, the first resistance level is 11550, the second resistance level is 11800, and the trading volume and position volume have been amplified
.

Comprehensive analysis, yesterday's main contract of Shanghai rubber followed the black variety after diving after the late volatility intensified
.
We believe that the biggest contradiction of Shanghai Rubber is still the warehouse receipt
in the previous period.
The G20 summit is about to be held in Hangzhou, and the collective call of surrounding chemical companies may boost the trend of some chemicals, but it is expected to have little impact on Shanghai rubber during the day, and it is recommended that investors consider selling short above 11500 and the main contract at 1609 today, and pay attention to stop loss
.