After the big drop below 112, there was a small-level rebound. During the night, it faced bearish pressure again following the weakness of the U.S. stock market.
The daily level has still not returned above 112. Ultimately, it found support near the POC of the previous narrow range oscillation and started a weak oscillation.
With continuous downward oscillation during the day and weakness in small-level rebounds, the bulls seem to be giving up resistance. If it cannot successfully reclaim above this area this week, the bulls will have more room for a downward correction. A daily and weekly level correction will begin.
Since it has already broken below, observe the performance during the subsequent rebound test of the pressure in this area. If the rebound test fails, entering short positions with a light position could yield decent gains.
Resistance above: 111950/114330/116270
Support below: 108180/105833/104920