The late session's fluctuating weak downward trend has eased somewhat, showing certain signs of a short-term rebound.

The candlestick chart exhibits a low-level reversal pattern while also indicating a rise in the RSI from oversold conditions. The KDJ indicator is turning upwards from a low position, and the bearish energy is diminishing, suggesting a technical rebound in the short term.

However, since the MACD has not yet shown a clear bullish reversal signal, the overall trend remains weak, and the potential height of the short-term rebound is limited. The rebound should focus on the resistance at 108,500 and the intraday high at 109,000, while the key support area to watch below is around 106,500; if this position is broken, further decline will occur.

Therefore, in the late session, we still choose to rely on the rebound near the 108,500 to 109,000 range to continue engaging in trading, while the targets below are sequentially at 106,500 and 104,600.