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데이터 기준일: 2026-10-30 · 결제 기준: 거래소 결제가(베이징 시간 15:00 종가, 전일 결제 대비)

CZCE.RS(RS2701) Deep Analysis Report | Oscillating Weakly, Seeking Support at the Lower End of 5385-5624 Range | 2026-10-31

Direction: Bearish. RS2701 contract [10-30 settlement] 5484, located at 38.9% below the 20-day range of 5385-5624, 20-day change -0.15%, showing weakening mid-term momentum. In the last 5 days, prices oscillated broadly between 5385 and 5588 and closed with a negative candle, failing to break above the 5588 high and retreating, confirming the bearish structure. ATR14 is 110.36 (2.01%), volatility remains high, RV20 is 16%, downside price risk still needs to be guarded against. Fundamentals lack bullish drivers, the supply-demand loose pattern continues, suppressing upside space. In terms of open interest, main position increased by 660 hands to 14620 hands, long-short rivalry intensifies but price has not broken out directionally. The next pivot point is at 5469.33; if the price breaks below the S1 support of 5418.67, it will open downside space to the 20-day lower bound of 5385. Direction failure conditions: daily close breaks above 5528.67 (R1) and holds, or breaks above 5532.33 (retrospective R1) confirming reversal.