Natural Rubber (SEP 17 - SHFE) ST: short term rebound towards 14300 (2017/05/23 10:23AM)
Our pivot point is at 13280.
Our preference:short term rebound towards 15690.
Alternative scenario: the downside breakout of 13280 would call for 12565 and 12135.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. The price is trading above its 20 day MA (14096) but under its 50 day MA (15441).
Supports and resistances:
16575 **
16130 *
15690 **
15245
14300 last
13565
13280 **
12565 *
12135 **
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