August 24 news
1. Mean Deviation Change Table
| Average Difference Type | Today's Value (2026-08-23) | Yesterday's Value (2026-08-22) | Direction of Change |
|---|---|---|---|
| 5-day Average Difference (D5) | 10.00 | 30.00 | - |
| 10-day Average Difference (D10) | 45.00 | 35.00 | + |
| 20-day Average Difference (D20) | 57.50 | 57.50 | Flat |
2. Signal Status Judgment
The current situation is oscillating (with more bearish resistance warnings), as the 5-day average difference has decreased from yesterday, the 10-day average difference has increased from yesterday, and the 20-day average difference is the same as yesterday. The directions of change are not entirely consistent, approaching the characteristics of a bearish resistance warning (−, +, −) with a bias towards more signals.
3. Trend Direction Conclusion
Volatility, with the following reasons: The directions of change in the three moving averages are not entirely consistent. The 5-day moving average has declined, indicating that short-term upward price momentum has weakened somewhat; the 10-day moving average is trending upward, reflecting that medium-term prices still have support; and the 20-day moving average remains stable, suggesting that the long-term trend has yet to show a clear shift. Overall, there is no clear unidirectional trend—neither a sustained rise nor a sustained fall.
4. Positional Spatial Reference
Formic acid prices over a 1-year cycle are at a low level, with limited room for further decline; the 3-month cycle is at a medium-low level, and the 60-day cycle is at a medium level. The current price has a strong resistance to falling. If there are supportive signals from downstream demand or upstream cost ends, there is potential for a rebound.
5. Trend Chart Display
6. Risk Warning
The above analysis is for reference only and does not constitute trading advice.
