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Data as of: 2026-09-30 · Settlement: Exchange settlement (15:00 Beijing close, vs prior settlement)
豆油(DCE.Y)深度分析报告 | 2026-10-08 偏多:减仓上涨与低波动待变 | 2026-10-08
方向结论:偏多。核心逻辑有三:一是主力合约减仓上涨,持仓单日减少11721手、名义持仓日降10.52亿元,价格却上涨1.32%,属空头回补驱动的修复性上行;二是国际市场豆油(ZL=F)结算价69.91美分/磅、5日累计上涨2.27%,成本端与比价端同步提供支撑;三是DCE.Y结算价8934元/吨仍低于20日通道中位,20日区间8817–9286内位置仅33%,而ATR14为113.5元、RV20仅10.5%,波动压缩后向上修复的赔率优于向下。方向失效条件:若结算价有效跌破S1枢轴8899.67元/吨并进一步失守20日低点8817元/吨,则多头逻辑失效,转为观望。
This brief is published in Chinese. The English translation is being prepared.
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