Yingxi Yu Weakness Quotations

We will not rule out the possibility of further weakness and prices are likely to remain volatile in a broader range.

The market conditions are likely to remain quite nervous over the next few days and near-term weakness in the TOCOM market cannot be ruled out.

There is no market-specific impetus for fresh long positions to be established at present. Sentiment has been weakened by weakness across commodities over the past few days and the dollar is holding up well.

After yesterday's weakness there could be some consolidation in the near term, but overall we continue to see upside potential in this market.

We see potential for further downside pressure over the near term, but the market generally appears well supported at the moment. So any weakness is unlikely to be very violent or major.