7.16 Morning Analysis
From the four-hour cycle chart, the persimmon market has recently shown a clear reversal trend. The previous wave of consecutive gains was quite strong, but the trend then took a sharp turn ↓, transforming into a series of consecutive losses ↓. During this period, the bulls have attempted multiple counterattacks, eager to reclaim lost ground, but the momentum has been clearly insufficient, with each rebound facing resistance at key resistance levels. Especially in this recent wave of rebound, the volume in the suburbs has significantly shrunk, reflecting a lack of confidence among bulls, and the willingness to pursue gains in the persimmon market is low. Overall, during the early trading period, the bear forces are in the ascendant, and the downward pressure still exists. As for the second market, currently it looks like
Suggestions:
Large contract: Consider trading around 118500-117800, targeting 116800-115500
Small contract: Suggest clearing positions around 3190-3170, targeting 3000-2980
