This report is provided by MacroTerms.com

Data as of: 2026-11-02 · Settlement: Exchange settlement (15:00 Beijing close, vs prior settlement)

DCE.RR(RR2612) In-Depth Analysis Report | Oversold Rebound Tests 3562, Bullish but Requires Positioning Support | 2026-11-03

Direction: Bullish. Japonica rice main contract RR2612 found support at 3529 on [11-02 settlement] and rebounded, trading intraday at 3533 (+1.23% vs. prior settlement), moving back above the pivot P (3491.33) under review; short-term downward momentum from sellers is fading. Core rationale: First, after pulling back from the upper end of the 20-day range at 3630 to 3436, the price has retraced nearly half the move, with the 20-day position at 50% indicating the equilibrium zone is being retested and bullish absorption is strengthening; second, ATR14 stands at 31.64 (0.9%) and RV20 at 15.6%, with volatility contraction favoring a steady push higher by bulls; third, the next pivot P is 3526.67 and the current price is above it, giving the bullish structure the edge. Invalidation condition: daily close below 3497.33 (next pivot S1).