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 Unbroken, 800 Level as the Pivot Point Between Bulls and Bears | 2026-10-26

DCE.LG (LG2701) outlook is bearish. The core logic is that the price is near the 20-day channel lower band (at position 12.3%), with a 5-day decline of 2.72% and a 20-day decline of 3.36%, clear downward trend momentum, and lack of fundamental drivers for a reversal in supply and demand. As of the intraday session on 2026-10-26, the price traded near 805, with the next pivot point at 803.83. The price is above the pivot but under pressure at R1 807.
17. Technically, if it breaks below S1 801.67, it will look towards the 20-day low of 800.5, and a further break will indicate the lower end of the 802-837 area range. COT holdings show no significant divergence with price, with main position increasing by 541 contracts to 12423, indicating intensified bull-bear battle but price stabilization not yet achieved. Invalid direction conditions: daily close breaking above 808 (retracing pivot R1) and holding, or supply and demand data showing better-than-expected results.