8.13 Early Morning Analysis
Looking back at the evening, after the CPI data was released, market sentiment quickly warmed up, reaching the line of 120200 in the early morning.
From the hourly Bollinger Bands perspective, it presents a typical 'funnel opening' shape, with the upper and lower bands widening, and the amplitude of the opening continues to expand. This characteristic usually corresponds to a rapid increase in short-term volatility, with market divergences amplifying but the main player's dominance strengthening.
Therefore
The primary contract can be traded in the range of 119300-118800
Target can be around 120500-122000
The secondary contract can be traded in the range of 4420-4360
Target can be around 4540-4600
