July 2 Analysis Yesterday, a big adjustment occurred, and the upward movement to 100,085 failed. The momentum has shifted from strong to weak, and the upward strength is gradually insufficient, leading to a decline to the 100,051 line. However, overall, the pullback presents an opportunity to buy. The target is 110,000, and there is a high probability of interest rate cuts in July. Global supply and demand are also on the rise, so I remain optimistic about buying. Please adjust flexibly according to market trends.
From a technical perspective, the overall wide fluctuation is analyzed. MACD: It is running below the zero axis. The green bars are shortening but have not yet turned red. The upward momentum is weakening but has not yet turned into buying. The RSI is at 38.07, close to the oversold range. There may be short-term rebound demand, but it is not buying at this moment. After this pullback, it will continue to rise. Therefore, maintain a focus on low buying in the morning. (Defense is crucial)
Buy near the pullback at the 100,051 to 100,056 line. Target is around 100,061 to 100,070. Buy near the pullback at the 2,380 to 2,410 line. Target is around 2,430 to 2,460.
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