Evening Analysis on 8.6
Looking back at noon, the market showed a trend of initial rise followed by stability, with prices starting from around 113300, reaching as high as around 114400, and then entering a phase of oscillation and consolidation.
From the hourly Bollinger Bands, the three lines currently exhibit a clear convergence pattern, with the channel width narrowing. This usually indicates that the short-term market volatility is in a state of convergence, and both sides are temporarily balanced, with the market preparing for a new directional choice.
Previously, the market successfully broke above the middle band, and is currently operating steadily between the middle band and the upper band, with the middle band showing a gradual upward trend. This indicates that the short-term market strength has gained a temporary advantage, and the middle band will become an important support level in the short term.
Therefore
The market can place orders around the range of 113100-112500
The target can be seen in the range of 114700-115300
The secondary market can place orders around the range of 3580-3540
The target can be seen in the range of 3680-3750
