On May 16th, the Liansu L2309 contract opened at 7748, with a minimum price of 7728, a maximum price of 7805, and a closing price of 7752. Compared to the previous trading day, it increased by 23 or 0.30%, with a settlement price of 7766 and a closing price of 7729. The 2309 range of Liansu fluctuated, with a small reduction in positions and a closing of the positive line. The trend was suppressed above the MA5 moving average, and the green bar below the MACD indicator decreased; From the perspective of the BOLL indicator, the K-line entity deviates from the lower track and the center of gravity shifts upwards, while the KDJ indicator has a long signal formation expectation. There is still a possibility of an upward trend in short-term continuous molding, waiting for guidance from the news. Based on the above analysis, it is expected that the L2309 contract, the main force of short-term continuous molding, may maintain a fluctuating range, with a short-term fluctuation range of 7600-8000. It is recommended to buy low and sell high.
On May 16th, the PP2309 contract fluctuated in a narrow range, with an opening price of 7141, a high price of 7184, a low price of 7112, a closing price of 7127, and a settlement price of 7144, a decrease of 7 or 0.10%. In terms of holdings, the top ten have a 50% proportion of long orders below the critical line and are decreasing, while short positions dominate. In terms of technology, from the perspective of the moving average system, the K-line still closed below the 5-day, 10 day, 20 day, 40 day, and 60 day moving averages; Reduction in trading volume and holdings; The DEA and DIFF of MACD indicators are located below the zero axis, and the MACD is shortened below the zero axis, showing a trend of oscillation; There are signs of upward convergence in the third line of KDJ indicators. In summary, the announcement by the United States of repurchasing oil for emergency strategic oil reserves has provided support, and the rampant wildfires in Canada have also exacerbated supply concerns. Market expectations for the United States to reach a debt ceiling agreement have also increased, providing support for oil prices. However, Federal Reserve officials tend to be hawkish in their speeches, suppressing expectations of interest rate cuts within the year. The US dollar index is relatively strong, and there is still a need to be wary of the risk of oil prices falling back. The PP2309 contract is expected to bottom out in volatility. It is recommended to buy low and sell high during the day or temporarily wait and see.
On May 15th, PVC futures contract 2309 opened low and rose high, with an opening of 5824, a high of 5888, and a low of 5795. It closed at 5871, up 43, or 0.74%. The trading volume was reported to be 887820 lots, with a decrease in holdings of 18081 lots to 834318 lots. From the perspective of technical indicators, the KDJ index is about to form a golden cross, and the MACD index green bar is shortening. However, the Bollinger channel is still in a weak area, and the waterfall line is arranged in a bearish and divergent manner, indicating the interweaving of forces between the long and short sides. It is expected that the rebound space of PVC futures in the short term is limited, with the upper focus on the pressure of the 6050 line and the lower focus on the support of the 5650 line. In terms of operation, it is recommended to watch carefully and operate with low suction and high throwing.
Post time: May-17-2023