The price of raw materials is at a high level, and Shanghai rubber is strongly volatile

Domestic sales area market
.
14-year state-owned full latex 12100 (+50) in Shanghai; 14-year-old Yunnan state-owned whole milk in Shandong 12100 (0); The 14-year state-owned whole milk tax-free price in Hengshui area is 11750 (0) yuan / ton, and the 15-year private whole latex price in Yunnan is 12100 (-100) yuan / ton
.

The warehouse receipts of natural rubber futures in the previous period increased by 340 tons
compared to yesterday.
The warehouse receipt of natural rubber futures in the last period was reported at 264870 tons
.
Among them, Shanghai increased by 90 tons, Shandong increased by 250 tons, Yunnan Ping, Hainan Ping, Tianjin Ping
.

Holdings of the main contract of Shanghai rubber (1609): the top 20 members have long positions 80631 (+9348), short positions 92737 (+6172), net short 12106; The average price of our long position is 12026, and the average price of short position is 11886
.

The main contract of Shanghai rubber 1609 was strongly volatile on Tuesday and rose at the end of the day
.
From the 60-minute candlestick chart, the upward breakout trend of the K-line is obvious, the technical indicator MACD green bar turns red, and the KDJ goes up; On the daily chart, the K line is effectively supported by the 20-day moving average, the MACD green column continues, KDJ has signs of improvement, the trading volume has decreased slightly, and the position has increased
.

Comprehensive analysis, the fundamentals of Shanghai rubber have not changed much, and the price of raw materials has fluctuated
at a high level.
From the perspective of technical analysis, the probability of Shanghai Jiao tomorrow is estimated to continue to be strong and volatile
.
We are still cautiously optimistic about Shanghai Rubber, and it is recommended that bulls reduce their holdings at the high, go long at the pullback, do not chase high, and pay attention to the rhythm
.