Market Overview - The market showed a strong upward trend with a high opening and continued to rise, indicating a positive sentiment among investors [1] - The Shanghai Composite Index performed well, while the Shenzhen and ChiNext indices also showed impressive movements, suggesting potential upward momentum [1] Trading Strategy - The market is expected to experience a narrow range consolidation, with a fluctuation between 3379 and 3363 points, which aligns with the consolidation model [1] - A significant number of stocks, nearly 4000, are experiencing gains, which is a positive signal for the market [1] - Domestic capital outflow is gradually decreasing, with a slight inflow of 1 million, indicating a positive trend [1] Sector Performance - The banking sector showed modest gains, while the securities sector led the market rebound with an increase of 1.46%, contributing significantly to market performance [2] - Investors are advised to consider high-selling strategies for stocks that have performed well, while also keeping an eye on lower-priced stocks that have not yet seen significant gains [3] Future Outlook - The target for the afternoon session is to reach around 3370 points, with a focus on closing with a small upward trend [3] - Investors are encouraged to engage in low-buy strategies in early June, as there are many long and short positions to contend with, leading to potential market fluctuations [2]

1.有夜盘的品种以夜盘收盘价为起始价格，无夜盘的品种以昨日收盘价为起始价格，当日日盘收盘 价为终点价格，计算涨跌幅度。 2.跌幅大于 1%为下跌，跌幅 0~1%为震荡偏弱，涨幅 0~1%为震荡偏强，涨幅大于 1%为上涨。 3.震荡偏强/偏弱只针对日内观点，短期和中期不做区分。 ◼ 主要品种价格行情驱动逻辑—金融期货股指板块 投资咨询业务资格：证监许可【2011】1778 号 宝城期货国债期货早报（2025 年 5 月 30 日） ◼ 品种观点参考—金融期货股指板块 时间周期说明：短期为一周以内、中期为两周至一月 | 品种 | 短期 | 中期 | 日内 | 观点参考 | 核心逻辑概要 | | --- | --- | --- | --- | --- | --- | | TL2509 | 震荡 | 震荡 | 震荡偏弱 | 震荡偏弱 | 短期继续降息可能性较低 | 备注： 日内观点：震荡偏弱 中期观点：震荡 参考观点：震荡偏弱 核心逻辑：昨日国债期货均震荡回调。近期国债供给端集中发行，加上较高的票面利率对稳健型资金 具有较强吸引力，令国债期货价格承压运行。消息面，财政部发布通知，拟第三次续发行 2025 年超 长期特 ...

研究报告 油脂周报 多空交织，油脂震荡整理 华龙期货投资咨询部 投资咨询业务资格： 证监许可【2012】1087 号 农产品板块研究员：姚战旗 期货从业资格证号：F0205601 投资咨询资格证号：Z0000286 电话：13609351809 邮箱：445012260@qq.com 的免责声明。 摘要： 【行情复盘】： 本周油脂期价震荡整理，全周豆油 Y2509 合约下跌 0.33%， 以 7754 元/吨报收，棕榈油 P2509 合约上涨 1.24%以 7984 元/吨 报收，菜油 OI2509 合约下跌 0.83%，以 9277 元/吨报收。 【重要资讯】： 榈油方面：MPOB 报告显示，马来西亚 4 月棕榈油产量为 168.6 万吨，出口为 110.2 万吨，库存量为 186.5 万吨，马棕榈油上涨 0.26%。 数据来源：WIND 咨讯 截止至 2025 年 05 月 15 日，江苏地区四级菜油现货价格 9,330 元/吨，较上一交易日 下跌 130 元/吨。从季节性角度来分析，当前江苏地区四级菜油现货价格较近 5 年相比维持 在较低水平。 研究报告 一、现货分析： 截止至 2025 年 05 月 ...

Group 1 - The core viewpoint is that the market is currently in a weak consolidation phase, with a likelihood of upward continuation rather than a reversal [1][2] - The market has shown a small hammer candlestick pattern, indicating a temporary pause in the upward trend rather than a significant downturn [1] - The overall upward trend remains intact, and the market is expected to recover as it approaches mid-May [2] Group 2 - The analysis of stock index futures indicates a mixed sentiment, with the CSI 500 showing a net reduction in long positions by 3,200 and a reduction in short positions by 2,700, suggesting a bearish outlook [2] - The Shanghai Composite Index and Shenzhen Component Index are expected to experience a small rebound, with a potential return to around 3,350 points [2] - Investors are advised to consider tactical trading strategies and to be prepared for a potential individual stock rebound next week [2][3] Group 3 - The focus should also be on the ChiNext index, which is likely to fill gaps and continue its upward trajectory, positively impacting small-cap and thematic stocks [3] - The key resistance level to watch is 3,360 points, and a breakthrough could open up further upward potential for the index [2] - A recovery in trading volume to between 1.3 trillion and 1.4 trillion yuan would indicate a more favorable market condition [2]

黄金方面：从预判3500开始要出现短期调整开始，都以震荡下滑修正来看待，而最终修正的支撑预期是三个： 3228、3200、3175； 今日先试探3228，短线 出现一波拉升至3243； 再试探3201，拉升一波至3233，至于能否有效成立短期底部，是需要等日K线形态来判断，也就是要至少有收一个长下影K；但关键 位置可以先去轻仓试探，每一次的底部炒底都很揪心磨人的，不太会直接一口气启动，需要足够耐心和勇气；而每一次的顶部都是快速杀跌，一口气就成立 了，这是两者的快慢区别； 郑氏点银：黄金3200先尝试短期底，反弹去修复3260-70 回顾昨日行情走势及出现的技术点： 黄金方面：昨日黄金是围绕收敛三角上下轨去靠边布局为主，上轨未去试探，下轨3275附近试探后，成功拉升一波至3320一线，抓了一波； 夜间计划上轨 衍生下滑阻力3330及上去埋伏一波看跌，为今日做可能杀跌做准备；但可惜，价格并未给到机会，而今天早间的确迎来猛的杀跌下行； 今日行情分析解读： 今天时间有限，简单讲一下： 原油方面：今日亚欧盘先弱势续跌一波，美盘探底拉升收阳，那么接下来又要展开一定的震荡整理，范围区间留意62-56； 以上是笔者技术剖析的 ...