The price department of the national development and Reform Commission, together with the Consumption Promotion Department of the Ministry of Commerce and other relevant departments, organized industry associations, head breeding enterprises and slaughtering enterprises to hold a meeting to deeply analyze the supply and demand and price situation of the live pig market and study how to ensure the supply and price stability of the live pig market.
USD / RMB usdcnh - 4-hour K-line chart shows:
According to the 4-hour chart, the momentum of high-level short sellers has continued to fluctuate downward, short-term short sellers have emerged, the market is shrouded in bearish sentiment, the MACD index has continued to fluctuate downward to the lower side of the 0 axis, and the RSI index is in the lower side of the 50 equilibrium line;
Long short turning point: 6.94245
Pressing position: 6.95343, 6.96471
Support position: 6.92730, 6.91602
Trading strategy: bearish below 6.94245, target 6.92730, 6.91602
Alternative strategy: bullish above 6.94245, targeting 6.95343 and 6.96471