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The bearish mentality of the main bears of Shanghai rubber weakened, and more seats chose to increase their long positions
while reducing their short orders.
On the last trading day of August, the main 1801 contract of Shanghai rubber opened to continue the sluggish trend of the previous three trading days, and the futures price fell to near
the 16,000 yuan / ton mark.
Under the strong resistance of bulls, coupled with the exit of some short profits, the futures price stabilized and retraced
.
After that, the bulls further increased their positions, and the futures price steadily rose, but the exit of the afternoon high profit order narrowed the price increase on the day
.
The top 20 data of long and short positions on the exchange shows that the 1801 contract shows a trend
of long and short increase.
Among them, the long position increased by 2596, the short position decreased by 898, and the net short order decreased to 29508
.
Specifically, among the top 20 bulls in the 1801 contract, there were 13 seats that increased their long positions, including 3 seats with an increase of more than 500, and Haitong Futures seats and Industrial Futures seats with more than 1200 seats
.
Of the 7 seats that reduced their holdings, 2 seats were reduced by more than 500, but the maximum size did not exceed 700
.
On the same day, South China Futures seats and Galaxy Futures seats both carried out long and short order reduction operations
.
Among them, the South China Futures seat reduced its holdings of 161 short orders while reducing its holdings of 654 long orders; Galaxy Futures reduced its long position by 594 while reducing its short position
by 272.
Both seats reduced their long positions by a greater margin than their short positions, indicating that they are more pessimistic
about the future market.
By observing the trend of the main position, compared with the direction and adjustment strength of the main seat long and short adjustment on the day, the bearish mentality of the main bears weakened, and more seats chose to increase their long positions
while reducing their short orders.
The intervention of bullish forces may make the futures price gradually rise in the future
.
