Institutions look at the market: Rebar is still in a weak rebound

This year, due to the downturn of the steel market, the contradiction between supply and demand has always been difficult to effectively ease. At the same time, due to capital constraints, the probability of traders picking up stocks is not high, and the steel market is not strong enough to promote steel rebar.

The recent large-scale rainy weather at the same time in the north and south affected the market volume, the digesting speed of social stocks slowed down, and the inventory in some areas had increased to varying degrees, causing the market price to fall more than halfway.

Wanda **: Steel will not chase and sell

The RB1210 contract closed at the Great Yinxian with a shadow under the shadow, RSI and KJD were down, and the MACD green bar was longer, indicating that the disk was bearish. Due to the weak spot market, the rebar price index also hit a new low in two years. The domestic PMI and other indicator data are still relatively weak. The short-term benefits brought by the European summit are just a flash in the pan. However, both long and short positions were significantly increased, indicating that the market has large differences with regard to the latter part of the period and continues to fluctuate. Short-term test 4000 important support, above the pressure of 4100. It is expected that there will be limited downside space, never to chase after the sell-off, and backing up to 4,000 may try to establish a midline oversold.

China Steel **: threaded target range 4025-4050

On the whole, the thread dropped sharply yesterday, and the short-term technical pattern weakened, but it is expected that the 4000 barrier will support it. In operation, the 4000 gate support is strong and 4000 can try to do more. Today's 1210 contract looks shocked and the target range is 4025-4050.

West **: Rebars should not hold overnight orders

Steel main contract rb1210 closed out the Yinxian, the price of Masukura heavy volume fell. In the MACD indicator, the DIFF and DEA two-wire bearish areas retreated, K and D doubled, and the price fell in a narrow range. Positions, rb1210 top 20 positions, more than a single 249,957 hand, empty single 262,139 hands, Yongan ** increased holdings of 11,000 hands.

Hongyuan **: Shanghai Steel will continue to maintain its weakness in the short term

Shanghai Steel opened lower on Monday, diving three times during the session, the lowest probe to 4030 below the end of a substantial Masukura closed at 4044. In terms of spot prices, quotation in certain regions continued to decrease, the mainstream market remained weak, demand continued to be light, and rebound was weak. Operation, short-term or continue to maintain the weakness, today's focus on support 4000, pressure 4080.

Shanghai **: Rebar's centerline encounters a higher point to empty

Today, the high opening price of rebar closed below yesterday's closing price and closed out a larger negative line. In the morning, the price of open positions in the open market increased rapidly and the price fell rapidly. The multiple late arrivals made the prices rise to the upfront. Supported around 4500, the pressure on the upper part of 4100 was significant, and the bearish posture in the middle term remained the same. On the trading day, the intraday trading was short-term, and the midline encountered a short-term sell-off.

Shanghai mid-term: rebar attention to the support of the 4000-4050 range

Today, the high opening price of the main 1210 contract of the rebar ** went below yesterday's closing price and remained weak. The current spot market transactions are still sluggish, and the demand in the latter period is still not optimistic. From a graphical point of view, the rebar prices have been pulled back to the 4,000-year-old zone near the previous consolidation range, and short-term positions have been maintained. To pay attention to the support of the 4000-4050 range tomorrow, if the price can effectively stabilize gradually, you can try to buy more than a small percentage of positions.

A German: The spiral space continues to hold on relying on 4060-4080

Yesterday, rb1210 contract 4100 line pressure, Gaokaidizou, and under break 4050 support, the market performance weakness. The PMI data in China, the United States, and Europe is not good. The economic downturn pressure of the major economies in the world still exists. The economic situation at home and abroad is still not optimistic. The market is under pressure and the market is weak or difficult to change. In operation, the empty list will continue to hold on 4060-4080 and support 4020.

Galaxy **: thread can be around the first line of 4000 light warehouse try more

Today's thread opened higher and fell lower, falling slightly, trading volume rebounded, and there was a lot of Masukura. On the macro level, the manufacturing PMI for June was 50.2, hitting a new low for the year, the real economy remained sluggish, and continued the process of bottoming out; the final HSBC PMI fell to 48.2 in June, which was below the Ronghe line for eight consecutive months. The real economy is still not optimistic.

China Steel Network view:

Yesterday's steel opened higher and lower, due to June PMI hit a new low for 7 months, investor confidence pessimistic, intraday steel Masukura fell sharply, but because of long and short differences intensified, the period of steel decline is delayed, but the current bear pattern has not changed It is expected that today's steel may decline slightly, focusing on the effective support of the 4000 line, and today some parts of the building materials market will continue to decline.

In addition, yesterday, a slight increase in rebar after a slight increase in Masukura down, the trend is very weak, far month 1301 contract fell below the 4,000 yuan integer mark. East Asia ** believes that usually traders will begin to stock up in July in order to meet the arrival of the peak season. However, due to the downturn in the steel market this year, the contradiction between supply and demand has always been difficult to effectively ease. At the same time, due to capital constraints, the probability of traders picking up commodities is not Large, the role of the steel market is not strong, the current rebar is still in a weak situation.