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I personally believe that the hype around fertilizers and related sectors in the spring planting cycle has basically peaked, and it’s about time. Including Yuntianhua, Salt Lake, and others, recently both have risen above 40 mainly due to spring planting fertilizer hype. Once the hype ends, prices are likely to fall back, so be cautious with your holdings recently.

Regarding the index, support levels to watch are two: 4048 and 4000 points. If it breaks below 4048, it will likely retest 4000. If it breaks below 4000, a downward oscillation back to the 3800 range is probable.

Please be aware of the risks lately. As long as oil continues to oscillate upward, global stock markets are likely to oscillate downward.

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