Manganese silicon plunged 2,000 points, iron silicon plunged 1,000 points, is the peak continue to fall or open the second rise?
Manganese silicon and ferrosilicon are two products that we like very much, and our friends who have been paying attention to us know that manganese silicon and ferrosilicon entered our sight before the National Day last year, and we began to pay attention to these two products. And before and after the Spring Festival began to copy the bottom, after the start of the bottom, the market did not rise, and is still constantly hit a new low stage; But our view is very clear, also very confident, firmly believe that silicone and ferrosilicon will usher in a wave of bull market. Finally, the market broke out in April, manganese silicon rose all the way, and the main contract was close to the 10,000 mark, up more than 3,000 points. The main contract of ferrosilicon is more than 8200, up nearly 2000 points, and our wave of bulls is quite beautiful.
Those who follow us know that in late May, we started to see a correction down; We believe there will be a decline. Only, it is a pity that my own empty order almost stopped at the highest point, and then diving. The short market is like this, once you can’t get in, as long as you don’t chase, there will be no layout opportunity. The main force also stared at me these three melons and two dates, after the stop loss, it plummeted; During this period, I made a few empty orders of three or five hundred points for comfort. Now the market, we also see, manganese silicon has fallen more than 2,000 points, iron silicon fell more than 1,000 points.
Back to our opening topic, manganese silicon, iron silicon is the next adjustment to continue to rise, or to peak and continue to fall back to the rising point? We are more inclined to continue to rise after adjustment, that is to say, this wave of manganese silicon rise is the monthly line level, and then the adjustment is to take a weekly line level adjustment. In the short term, the daily shorts are accelerating their decline, but it is also the end stage.
Next, the main contract we focus on is the May and October moving averages, as well as the September 2023 high regional support. Relying on this, we plan to layout multiple singles again, aiming to see the high point in May this year, and pay attention to the breakthrough situation.
We will not analyze the fundamentals, the Internet era, their own online search to see, a lot of fundamental analysis. We are mainly looking at the technical side, the surge in April and May, we have captured; I believe that the next bulls, we should have a good return. At the same time, it is also suggested that the recent layout of empty orders, the next profit out, start to prepare for the layout of multiple orders.
Industrial silicon is also concerned about the bottom area of the perimeter line. Relying on the low point in April, looking at the bulls, you can consider the layout of the long medium and long line, above the high point in May and the high point in the third quarter of last year is the key pressure area.
