Evening Market on Friday, November 7:

During the day, the market continued to show strong momentum, rising from 115200 to around 118800, currently around 118500.

The shipping index increased from around 2914 to approximately 3040.

From the monthly candlestick perspective, the index reached near the upper band, with resistance around 120000. The weekly candlestick shows an increase, with support near 115000. The daily candlestick has broken the upper band, showing continuous growth. The 4-hour structure indicates sustained growth, with the range gradually reaching its peak, while the hourly level shows a gradual decrease in volume, with support near 116000-117300.

Evening:

Look for a pullback near 117300-116000, aiming for around 119000-119800; conversely, you may try shorting.

For a pullback near 2970-2930, aim for around 3030-3070.

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