본 리포트 제공 MacroTerms.com

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

CZCE.RS(RS2701) Deep Analysis Report | Bearish: Running at High Volatility, Shorts Add to Positions | 2026-11-01

Direction: Bearish. RS2701 [10-30 Settlement] 5484, down -0.31% from previous settlement, positioned at 38.9% within the 20-day range of 5385–5624, up only +0.26% over 5 days and -0.15% over 20 days, lacking momentum. Core reasons: 1) Price repeatedly resisted below the 5500 level and pivot R1 5532; on 10-29 it rallied to 5588 before falling to close at 5420, showing weak upside attempts by bulls.
2) Main position open interest [10-30] increased by 660 lots to 14620 lots, yet price closed lower, indicating short-side active positioning.
3) ATR14 at 110.36 (2.01%) and RV20 at 16% show expanding volatility, with downside risk not yet fully released. Direction invalidation condition: If the daily close stabilizes above 5528.67 (the next pivot R1), the short-added logic is broken, shifting to neutral outlook.