After the international oil price hits a high dives , we expect that next week's methanol will also follow the market; in this regard, we need to refine its internal structure.
After a long period of observation at the technical level, we see that the trend of methanol is still focusing on the internal B wave.
From the graph, there is currently a clear 3-3-3 sub-wave running structure. If the expectations are not wrong, a small-scale bottoming out of the market will appear in the near future, and the maximum strength can even be extended to the previous low.
Currently, in the selection of the band a to b, Lekong tends to move to a 5-wave sub-wave decline structure, but the top pattern must appear.
However, the fuel substitution demand caused by the energy crisis of in the continent of Europe will still support methanol; so for MA, we have fully taken this factor into consideration when dividing the structure. After the price has finished its last bottoming market, the B segment is still short of the last time it has risen to the top. If we convert it according to time, it will be mild from late October to early November, and the weather will really begin to enter winter.
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