7.18 Morning Analysis by Auntie
After a brief pressure near 3501, it entered a high-level consolidation phase, and the current price has gradually rebounded to around 3600 for oscillation and arrangement.
From the hourly chart structure, although there was a slight pullback in the morning session, the support level below has gradually risen with the market oscillation, forming a steady rising support rhythm; at the same time, the resistance area above has shown signs of loosening, and the upward space has initially opened up, with short-term rebound momentum accumulating. Overall, the current market pullback is limited, and the trend is inclined towards oscillating upward. It is recommended to avoid blindly chasing shorts and to focus on a low-buy strategy.
It is suggested to buy in the range of 3470—3500, with a target of 3750 and a stop loss of 30 points. If the target is successfully broken, it can further look towards 3800.
In the range of 3670—3700, there is significant resistance, so a light position can be tried, with a stop loss of 30 points and a target of 3450.