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Last week, Shanghai rubber repeatedly rebounded to test the 40-day moving average failed to break through, and the downward stage obtained the support of the 20-day moving average corresponding to the 11500 area, and now relies on these two lines to enter the stage washing
.
From the current trend, the probability of breaking the 40-day moving average in the short term is increasing, but it is difficult to break through 11900-12000 strongly, and it is normal to fall back after the test when encountering resistance, and then look at 11500 to step back reasonably
.
Shanghai rubber can first see the inertia break through the 40-day moving average trend to achieve, is expected to rush higher and then meet resistance to fall, refer to 11900-12000 area suppression, fall low continue to pay attention to 11500, if closed down to this area, there should be further fall unfolded, otherwise it should be a horizontal finishing continuation trend, short-term participation
.
