7.30 Evening Silk Road
The midday shipping situation first maintained a fluctuation in the range of 117600-118400, then gradually declined to a low of 117500, currently rebounding to 117600.
From the hourly Bollinger Bands perspective, the upper band and middle band are showing a 'slight upward inclination and gentle divergence' state, indicating that there is a certain upward probing momentum in the short term, but the strength has not yet formed a strong breakout situation. At the same time, the upward slope of the middle band is gentle, suggesting that the recent trend's upward momentum is not robust, and the shipping situation is more in a phase of strong consolidation within fluctuations.
The large pancake is hovering around 116300-116800, looking towards 118500-119000.
The second pancake is hovering around 3720-3690, looking towards 3800-3830.
