Brief comment on LLDPE warehouse receipt in mornin

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Brief comment on LLDPE warehouse receipt in the morning trading on August 1

as the demand side did not improve, the market atmosphere was poor, bearish sentiment was obvious, traders' shipments were relatively positive, but no matter what, the warehouse was mainly for risk avoidance, and the specific operation was more cautious, while few downstream users actually received goods, and the PE market trend continued to decline. In similar experiments such as the main pull, the previous hook force warehouse receipt ll0809 will be cancelled. It will open low and go high. It will open low at 12900 yuan/ton, and the long and short will confront each other. The buying order is relatively dominant. From the trend chart of the K-line on this basis, the 5-day moving average goes down far away from the entity, the moving average system is arranged in a loose manner, the market is torn by long and short, and the selling is profitable

the author expects that the linear market will be dominated by consolidation next week

note: the source of this reprint is indicated. The reprint is for the purpose of transmitting more information, and does not mean to agree with its views or confirm the authenticity of its content

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