Analysis at 8.27 in the early morning
Main Contract: Fluctuating around 108500-109200, with the first target looking towards the 113300 area.
Secondary Contract: Fluctuating around 4450-4400, with targets near 4600-4700.
The overall range for the main contract during the day is maintained between 109300-110700, with a tug-of-war between bulls and bears, showing no clear breakout direction.
The secondary contract is performing strongly, having started an upward trend from the 4400 level, reaching a high of 4570 before entering a short-term pullback phase.
From the analysis of the 4-hour chart, the upward trend structure of the secondary contract remains intact, indicating that there is still upward space available. Therefore, the suggested trading strategy for the early morning is to focus on buying during pullbacks.
