July 8th Analysis

Yesterday, the overall trend remained in a wide range of fluctuations, with more than a thousand points rising and falling. In the early morning, it reached around 10w75, then rose to around 10w82, but the subsequent supply was insufficient. Compared to yesterday, the fluctuations have decreased. If it cannot show a strong upward movement, the fluctuating market is expected to continue for a while. Please adjust flexibly based on market trends.

From a technical perspective, the overall wide range of fluctuations shows that MACD is turning from positive to negative, with weakening momentum, still near the zero axis, but the red bars are shortening, indicating a potential weakening trend. The RSI value is 48.66, close to the neutral zone, and has not entered the overbought or oversold state. Cautious trading will continue, maintaining a high position during the day. (Defense is crucial)

Rebound near the 10w95 to 10w90 range to trade

Target around 10w80 to 10w75 range

Rebound near the 2580-2560 range to trade

Target around 2535 to 2515 range