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Iron price k-line chart
Brief introduction of early evaluation of steel products of China Iron and Steel Network: 1, spot quotation of rebar. According to the data of China Steel Network, the main rebar contract 1605 continued its weak rebound last night, rising by 24 points to close at 1687. Volume enlarged, positions increased 174282. The 5-day moving average 10 effectively broke through the suppression of the 20-day moving average, and the rebound momentum was strong. From the perspective of capital flow, both long and short sides are seriously washing dishes, and many bulls are increasing their holdings. In the spot market, the trading volume increased slightly and the quotation was weak and stable; Traders are more cautious and less confident; It is expected that rebar will fluctuate upward in the day, but the space is small. Pressure level concern 1700. In operation, short-term thinking, you can test the air in a light warehouse near 1700. 2. Spot quotation of iron ore. According to the data of China Steel Network, in the futures market, the main iron ore contract 1605 fluctuated within a narrow range last night and continued to rebound in the short term, with 4 yuan rising to 294.5. The trading volume was enlarged, and the positions increased slightly by 9946 lots. The 5 10 moving average crosses the 20-day moving average, and the rebound pattern is obvious. The trend of long-term moving average system is still empty. In terms of spot, port inventory increased; Steel mills continue to lose money, production reduction and staff reduction are normalized, and the demand for iron ore continues to decline, suppressing the rebound of ore prices. It is expected that iron ore will continue its weak rebound in the day, and there is not much room. Pressure 300 mark, in operation, wait for the top of the rebound to establish an empty order.