Verdict- Neutral in Short-run.
DCE May23 contract rolled late compared with same period over past few years, indicating there are still conflictions between long and short camps. The price level saw exhaustion today. Thus, the verdict was changed from bullish to neutral, considering May23 is less likely to trade in extreme level in the limited trading days before delivery. The future resistance were 920.5 and 936.0, which were previous shoulder level and top level respectively.
First support 888.5. First resistance 920.5.
