Currently, a small-level rebound should be underway;

Since the price is oscillating near the middle track, the market has completely returned to the common 55-45 state. The spot premium index saw a slight increase after confirming support last night, accompanied by a piece of good news, but it did not sustain, indicating that the spot buying is still very weak;

Current thinking:

Considering tonight's FOMC meeting, personally, I do not recommend short-term trading, although this meeting is generally expected to have no major actions, I still think it is important to pay attention to Powell's views on the upcoming economic growth issues;

The press conference is expected to start at 2:30, and prices are likely to fluctuate based on the price location after the FOMC meeting;

If the price confirms a drop below the middle track and the demand zone (92800), then the short-term target will directly point to the lower edge of the oscillation channel, near the cyan line (89100);

If the speech is dovish, leading to a price increase, then the first target will point to 96000, which is the potential rebound position we have been talking about. The second target is a bit high, which is near the position where the upper edge of the oscillation channel coincides with the yellow line (99500);

Yes, if the price can stay above 96500 (personally, I think the probability is low), then there is still a possibility of a new high.

If the rebound ends at 96500, then there is a high probability that there will be no significant market activity this week, and the oscillation will continue similarly to the long-term oscillation before breaking 85000...

It's... quite boring...