8.14 Early Morning Silk Road
Reviewing the evening shipping situation, after a strong surge it touched the high point of 122200, followed by a brief pullback, showing a slowdown in the rhythm after the surge.
Looking at the hourly Bollinger Bands, the opening has clearly widened, forming a strong upward channel that can provide support; while the lower band is moving downward, the distance between the upper and lower bands is increasing, indicating that the volatility in the short term is expanding.
The first major asset is oscillating near the range of 120800-120000, looking towards 122000-123200.
The second major asset is oscillating near the range of 4640-4600, looking towards 4750-4880.
