Corn Early Market Forecast: Last night, the US corn market rose, and it is expected that today's early market may open higher. However, the downward trend of the Dalian Corn cannot be reversed. In the short term, there may be a small rebound, but ultimately it will still fall. It is recommended to continue shorting at higher levels.
Relevant link: www.51qh.com
Chemical Early Market Forecast: Last night, international crude oil prices rose, and it is expected that today's early market may open higher.
All three chemical products have broken their positions, especially PVC which has been oversold in the short term. The probability of a rebound today is quite high. It is suggested that short positions on PVC be temporarily exited. The downside space for LLDPE and PTA in the future is also limited. It is recommended to stop profits in time. If you plan to continue shorting in the future, LLDPE with a relatively smaller decline should be the first choice. The next wave of main declines is likely to be plastics.
Review of the previous trading day's market: The overall adjustment of the commodity market, the speed and sequence of which were differentiated yesterday. The adjustment of agricultural products has just formed, while the rebound of methanol has already begun. For future operations, you can observe the changes in methanol as a reference. For varieties that are severely oversold, it is suggested to temporarily stop profits on short positions. After adjusting to a safe position, look for opportunities to short again at higher levels.
Relevant link: www.51qh.com
The information provided is for reference only. Trading based on this information carries risks which are your own responsibility.