This report is provided by MacroTerms.com

Data as of: 2026-10-09 · Settlement: Exchange settlement (15:00 Beijing close, vs prior settlement)

Rebar (SHFE.RB) In-Depth Analysis Report | Oscillating Bullish Under Short Covering | 2026-10-10

The current direction for rebar (RB2701) is bullish. The core logic lies in: 1) Short covering during the night session pushed prices to rebound near the upper edge of the 20-day channel, with technicals showing a need for repair;
2) Net long positions among the top 20 seats increased, and main capital flows indicate active exit by shorts;
3) At the macro level, the US dollar and US Treasury yields oscillating at high levels provide some support for commodities. The condition for the direction to be invalidated is a daily close below 3065.33 (S1 pivot).