8.20 Midday Analysis
The first contract can fluctuate around 113800-114500
The target can be seen around 112800-112300
The second contract can fluctuate around 4180-4230
The target can be seen around 4060-4000
Looking back at the morning, the first contract showed a wave of rebound momentum, gradually rising to around 113600 after stabilizing from the 112500 line and entering a brief consolidation phase.
From the hourly Bollinger Bands perspective, it currently presents a typical head trend characteristic, with the three bands continuously maintaining a downward sloping parallel running rhythm, which clearly indicates that the overall short-term market is still in a weak downward channel.
After the morning's rebound push, the first contract is gradually approaching the middle band area — within the downward trend framework, the middle band is often the key resistance level for head defense, and its effectiveness is usually quite significant before the trend reverses.
