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Futures are future spot pric.
First, the long-to-short ratio of the top 20 positions in the PP2001 contract is below the 50% critical line, which is in a bearish sta.
From the end of March to the end of April 2019, the long-to-short ratio of PP2001 positions has been below the 50% critical li.
Second, in the downward process of the long-to-short ratio curve since July, the current price of PP futures is not synchronized, and the long-to-short ratio forms a staged bottom and a relatively leading t.
Third, it can also be seen from the ratio of long-short orders that the long-order/short-order ratio of the top 20 positions is basically below 1, which means that short orders are domina.
Finally, the analysis of the long-short position ratio is only one of the analysis methods of futures price trends, and it is one of the auxiliary reference indicato.
