First, the basic message
According to data released by the General Administration of Customs on January 10, 2011, the total import and export value of China in 2010 increased by 34.7% compared with 2009; the trade surplus was US$183.1 billion, a decrease of 6.4%, and the ratio of surplus to total value of imports and exports continued to decline. In December 2010, both the import and export monthly scale set a new record. Monday (January 10) New York Mercantile Exchange West Texas Light Oil February 2011 ** Settlement price US$89.25 per barrel, up US$1.22 over the previous trading day.
Second, the technical status
Main warehouse receipt
Opening price
Closing price
Settlement Price
Volume
order amount
LL1103
11150
11150
11130
39
96
LL1104
11200
11200
11200
3
7
Today, the index of LLDPE warehouse receipts fell sharply, barely closed late, and the amplitude was limited throughout the day. As of the close, the LLDPE warehouse receipts index closed at 1028.77 points, up 0.95 points or 0.09% from the previous day. The Japanese K line retracts the small Yin line and reluctantly stops above the 10-day moving average. In terms of technical indicators, the red index of the MACD indicator shrank, the KDJ indicator divergence downwards, the opening of the BOLL line narrowed, and the price breakline rebounded slightly. A total of 55 batches of transactions were reported on the entire day, and 120 orders were filed.
Today's main breed LL1103 maintains a narrow range of fluctuations throughout the day. At the close of trading, the LL1103 closed at 11,150 yuan/ton, up 23 yuan/ton, or 0.21%. The cross star on the K-line on the Japanese side was blocked by the 10-day moving average and the volume was slightly enlarged.
Third, the market outlook forecast
Today's LLDPE warehouse receipts opened slightly higher overnight after the crude oil rebounded sharply and continued to decline throughout the day. Even Liansu has always started its uptrend along the 60-day moving average. The support for today's decline here is still strong, and investors in the market can watch the gains and losses of this lifeline. The author's point of view continues to be bearish.