The 15-minute K-line for the second contract has been hovering at the lower band position all day, and the 1-hour K-line is also advancing from the upper band to the lower band. The 2-hour, 3-hour, and 4-hour charts are all moving towards the lower band, indicating strong resistance above. The daily line remains bearish overall. If it does not break through the middle band tonight, it will continue to decline.
On the news front, there has been no information regarding the 8:30 AM US CPI year-on-year rate. Based on the current market analysis, the outlook is mainly bearish.
This is just a personal opinion and should not be considered as investment advice.
