5.16 Morning Analysis

From the 1-hour K-line trend observation, although the market price has launched a technical rebound after completing a phase of bottoming out, it is constrained by the downward-moving middle band of the Bollinger Bands, resulting in a renewed pattern of rising and falling prices. Technical indicators show that bearish momentum has weakened but has not yet reversed the downward trend. The EMA moving average system is gradually converging to form a horizontal consolidation pattern, leading to a significant lack of sustaining rebound momentum. Both bulls and bears are engaged in a tug-of-war within a narrow range. Notably, the current technical formation still retains the technical demand for downward testing of support levels, and intraday volatility is showing signs of contraction. Based on current market characteristics, it is recommended to adopt a trading strategy of seeking low absorption opportunities during the pullback phase, with a focus on observing the volume-price relationship in the key support area below, while maintaining sensitivity to changes in market sentiment.

Adjust the position structure dynamically based on real-time market signals.

Trading Suggestions: Buy near 103300—103700, stop loss at 102800. Target near 105000—106000.

Secondary Contract: Buy near 2560—2580, stop loss at 2510, target near 2700—2760.