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Oct 31, 2008

The weather will become the subject of the new rubber market

Natural rubber (20585, -550, -2.60%) into the March futures, whether within or outside the site are set out a relatively clear at the top of the form, investors need to be further concerned about the changes in the fundamentals.

Japan rubber market position, subtle changes in the structure, pre-big short-gang carried out the operation of multi-somersault, and Mitsubishi, Mitsui, such as seat position of the Fund are presented one after another reduction of more than a single course of the operation. Kong's stock to represent the will demonstrate their market trends and development point of view, the spot from the point of view, it really does not have the natural rubber market. However, the global macro-financial situation, as well as exchange rate movements on the gold market also constitute a heavy pressure, so more attention to exchange rates and gold funds or keep open the option that allows the market to do more difficult to rally popular. Japanese rubber futures prices fell 290 yen resistance, technical charts constitute a similar head-and-shoulders top of the form, along with the current fall of 270 yen, a relatively clear at the top of the form to the market more heavy technical Sell-off.

The domestic market, putting an end to the harvest season, has precipitate Courier delivery futures close to 100,000 tons of inventory, has no obvious reduction. Despite adhere to the concept of Zhejiang see more funds to support heart has been, but the linkage of internal and external features of the trend will end in May dragged under the contract Jiaojia 21,000 yuan / ton. Failure period of time, the approach of cutting open the season, it really has to Jiaojia devastated and fall into it? The author believes that the trend is too early to say words, after all, from the observation of the chart, Jiaojia is still a relative stalemate of the range running from top to bottom. At the same time, market speculation and concern about the next step of a gradual return to the subject matter will be cut off after the expected supply, so as soon as time goes by, for the month four or five main producing areas of the world's weather will be the impact on the supply of the most critical factor.

The trend of the future, I see stressed weather or if the normal climate, the author having the development may be a little pessimistic, because in accordance with the current state of the market, the Fund's left is a long-term trend, it is necessary to look to other funds the operation of re - Japanese rubber futures difficult. The domestic market, the longer we push back, the more adverse long, after all, resources will gradually increase. The only variable count on the weather, it seems a little taste of gambling.

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