Recently, rubber futures have been affected by negative factors such as poor macroeconomic data, tax reduction, and declining automobile consumption. The price has fallen sharply and has been continuously broken. It has already fallen below the 12,000 mark. However, the spot price of the hybrid rubber is strong, the decline is less than the futures, and the term spread is narrowed. The upstream raw materials are still strong, maintaining a high level and affecting imports. In terms of downstream demand, it is just a small purchase, and the enthusiasm is poor. At the technical level, the rubber support level below the 60 moving average position, there is a short-term game in both long and short. In terms of trading strategy, rubber is still dominated by short-term trading. The support below is 60-day moving average. On Friday, the night is nearing the support level, and short-term short positions are closed.
Translated by Google Translator from http://www.cria.org.cn/newsdetail/48075.html
