5.7 Big Pancake Lunchtime Thoughts
The big pancake touched 97700 for the second time in the early session and then turned to correct. Currently, the technical indicators in the short cycle have released adjustment signals. Focus on the support range of 96800 - 95600; if the price tests this area and stabilizes, a small position long can be established. In terms of risk control, it is recommended to decisively stop loss if it falls below 95300, with the target for long positions anchored around the previous high of 97700 USD.
On the news front, expectations for easing U.S.-China relations continue to ferment, but substantial progress has not yet become clear. During this vacuum period, the market may continue to exhibit wide fluctuations. It is recommended to adopt a quick in-and-out strategy to grasp short-term profit opportunities, avoid holding positions overnight, and be wary of violent fluctuations triggered by sudden news changes.
