7.22 Morning Silk Road
Early morning shipping situation significantly down, from the 119200 high point returning to the low point of 116600, then oscillating narrowly around 117000 after a rebound. The KDJ indicator has already dropped quite a bit and is now at an oversold position, but the rate of decline has clearly slowed down, indicating that the downward force is weakening. Pay close attention to the price level of 116300; based on the four-hour shipping situation, this is a support level. If it can stabilize here without further decline, it is very likely to usher in a phase of upward rebound.
The large pancake returns to 116500-115800 range with a view towards 117800-118500, breakout targets towards 119500.
The second pancake returns to the 3690-3660 range with a view towards 3750-3780, breakout targets towards 3850.
