August 12th News
1. Average Deviation Change Table
| Average Difference Type | Today's Value | Yesterday's Value | Direction of Change |
|---|---|---|---|
| 5-day Average Difference (D5) | 75 | 77.5 | - |
| 10-day Average Difference (D10) | 108.33 | 70 | + |
| 20-day Average Difference (D20) | -116.25 | -157.09 | + |
2. Signal status determination
The current mean difference change symbol combination is (－, ＋, ＋), corresponding to a strong consolidation (bullish) signal.
3. Trend Direction Conclusion
The price trend is characterized by oscillations (strong consolidation with a bullish bias). Reason: The directions of change in the three moving averages are not entirely consistent. The 5-day moving average declined slightly compared to yesterday, while the 10-day and 20-day moving averages rose significantly from the previous day—this aligns with the oscillation pattern of strong consolidation (bullish bias) as defined by the moving average method. Combined with market dynamics, rising crude oil prices are providing cost-side support, prompting suppliers across the board to raise their quoted prices. Downstream buyers are responding by placing inquiries based on their actual needs. As a result, the short-term market outlook shows a predominantly bullish consolidation trend.
4. Position Space Reference
The price within the 1-year cycle is at the median, with both upward and downward fluctuations exhibiting a certain degree of elasticity.
60-day cycle is in the mid-high range, and the short-term room for further increase is relatively limited;
The 3-month cycle is at a medium-to-low level, with some upward support in the medium term.
5. Trend chart display
6. Risk Warning
The above analysis is for reference only and does not constitute trading advice.
