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1 month volatility remains mixed day

By: frbiz

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Still shocks today Hujiao trend of prices was mixed. Spot month contract for 11,950 Tiaokonggaokai RU0501, the minimum to 11 870, Zhong Pan received the highest price of 11,955 reported the previous week five settled up 55 yuan / ton, closing 54 hand positions were unchanged at 1062 hand. Main contract RU0503 to 11,980 closing price from last week to open 20 points five, day trading average price around 11,950 to 12,035 range in the fluctuations, to close at 12,010 Zhong Pan, slightly down from last week five settlement price 5 yuan / ton, Volume was moderate amplification, to the 3358 hand, 702 hand positions increased to 10,640 hand. Follow-up RU0504 and RU0505 were reported income 11990,11930, five from last week were fair settlement price and down 40 yuan / ton. January 10 Japan-China Rubber net cash bid for the 11 900 average price of transactions, and with the high, low overlap, down 0.83%.
Technically, under the main contract RU0503 shadow over the small Yangxian reported income, although the increasing number of positions and is over 10 000 in hand, but the obvious weakness of prices on the red, intraday short positions have suppressed evidence, trading center of gravity slightly downward, MA system is to maintain short order, disk read 12,000 is still long and short sides near the front line near the bifurcation point, KDJ indicator Sicha not a changed again Jin Cha, MACD indicator trend remains flat. Amount of forward contracts can not fully play the whole shock of weak prices.
Recently the market for domestic Hujiao not only has not been lifted before the impact of the tsunami disaster, but continued weak vibration pattern of the following two reasons: First, in 2004, despite the elimination of import quotas for natural rubber, but natural rubber imports Instead of rapid growth, the opposite situation of a sharp drop. Second, Hujiao market experienced a massive amount of last year's 0407 delivery, the whole market precipitated a huge number of investors no longer willing to warehouse receipt approach long on, more important, mainly for the domestic V bias tire Symbol rubber and import on the 3rd Yan Pianjiao demand is deteriorating.
Shanghai Stock Exchange last Friday designated delivery warehouse inventory report for the 90,192 tons of rubber, 91,094 tons last week to reduce the 902 tons, of which futures was 78,645 tons, to reduce 1165 tons.
TOCOM rubber market Monday for national holidays adult section and closed the day Tuesday to resume trading.
Hujiao the market today, the total transaction volume and open interest increased slightly, still weak on the price shock, the effective suppression of long-term average, so that is still in a downward spiral of prices, the market outlook is still expected to seek support under the requirements, but the rate will not be too large nor too hasty, on the other hand, market sentiment is also difficult to gather a rebound Hujiao important whether the real resistance. Today's spot price has broken 12,000 integer transaction gateway, with the approaching Lunar New Year holidays, the cash business of consumer demand will be reduced. After the Spring Festival, February to March is the traditional stop cutting of rubber, the price may be some support during the stop cut. On the whole, Hujiao market would remain weak short-term market-based shocks. Operation, temporarily can keep thinking short, only a good profit and stop-loss point, do not chase too much space, no suitable positions are watching.

Article Source: http://depositarticles.com/

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