This report is provided by MacroTerms.com

Data as of: 2026-10-23 · Settlement: Exchange settlement (15:00 Beijing close, vs prior settlement)

DCE.LG(LG2701) Deep Analysis Report | Bearish: Downtrend Continues, Rebounds Resisted at 807 | 2026-10-24

DCE.LG (LG2701) maintains a bearish core direction. The logic lies in the price being near the lower band of the 20-day channel and both 5-day and 20-day price changes being negative, with clear downward trend momentum; the open interest structure shows main contract increasing positions but price stagnating, with clear pressure signs. As of the intraday on 2026-10-24, the price oscillated near 805, and the previous trading day's [2026-10-23] settlement price was 802.
5. Technically, the price is at the 12.3% position within the 20-day range of 800.5-837, close to the lower band, and the bearish pattern remains unchanged. The condition for direction invalidation is: daily close breaking above 807.17 (next pivot R1) and holding, or daily close breaking below 799.5 then quickly recovering above 802.5, with risk of false breakage warned.