8.14 Midday Silk Road
After reviewing the morning shipping conditions, it surged to 124500 before retreating to the 113900-113300 range for fluctuations, then began to return to around 121750 as a low point.
Recently, the market here has been quite strong, moving steadily upwards. Occasionally, there are minor dips for adjustments, which is normal. Where can you find a market that only goes up without any fluctuations? For the market to keep rising, it needs to allow short sellers to step in and push back a bit, thus making room for further upward movement. Therefore, any pullback at this point is merely a normal adjustment in the bullish trend.
The big contract has retreated to around 121500-120800, looking towards 123000-125000, with long-term targets breaking above 130000.
The second contract has retreated to around 4730-4680, looking towards 4780-4850, with long-term targets breaking above 5100.
