[Trading Principle] The longs do not short, the shorts do not go long, and the oscillating market only wait and see. Reverse trend is the biggest risk. [Inventory]: Petrochemical inventory today was 625,000 tons, 35,000 tons destocked from 660,000 tons on October 26. [Spot]: On O

[Trading Principles]

long runs not short , short sellers not long , oscillating market conditions are just waiting and see. Reverse trend is the biggest risk.

[Inventory]: Petrochemical inventory today was 625,000 tons, 35,000 tons compared with 660,000 tons on October 26.

[Spot]: On October 26, plastic spot fell, PP spot fell steadily, and PVC fell.

[Strategy] Inflation pressure remains, the United States continues to raise interest rates in , the conflict between Russia and Ukraine continues, Europe and the United States continues to impose sanctions on Russia, the new crown epidemic is repeated, and the four are superimposed, and the global economic recovery faces great resistance.

1, Plastic 2301: Maintain short-term short-term short-term operation that falls below 8100-8000, and you must stand above 7800 to have short-term upside opportunities.

2, PP2301: Maintain short-term short-term operation that falls below the entry of 7950-7900. You have to stand above 7650 to have a chance to rise.

3, PVC2301: Maintains a short-term decline operation that falls below 6100. You have to stand above 5860 to have short-term growth opportunities.

4. Crude oil: $86 above the site entered a short-term increase.

5. USD: Continue to be in the interest rate hike cycle , maintaining the medium-term appreciation operation. However, it is already in the late stage of medium-term appreciation, and the momentum of appreciation has gradually weakened. If it falls below 110.00, it will enter a short-term depreciation.

6. RMB: Losing the short-term appreciation of 7.23, it is in the late stage of medium-term depreciation, and the depreciation momentum is gradually weakening.

[Our philosophy]

1. Capture the short selling opportunities of fully rising varieties.

2. Capture the opportunities for long-term declines in full.

3. Do not participate in the opportunity to fully release long or short forces without taking full advantage.