After the extreme contraction and consolidation over the weekend, the market finally began to show changes on Sunday evening, with open interest and CVD starting to rise slowly, indicating the presence of spot buying and the entry of bulls in the contract market.
A slight volume rebound in the morning, testing the 107 level. Currently, it is backtesting near the breakout level of 106. The overall fluctuation during the day is small, and whether the buying from the Asian and European sessions can continue during the US stock hours remains to be verified, as the US stocks are influenced by geopolitical factors in the short term, potentially preparing to change direction.
This Thursday morning, there will be an FOMC interest rate meeting.
In a larger structure, after the decline from the high point, the rise of the big pie is forming a potential bearish flag. In the short term, the bulls have not shown a clear reversal before standing above 108.
Several positions to pay attention to
Support Position
First Position 106000
Second Position 104500
Third Position 103100
Resistance Position
First Position 107500-108000
Second Position 108500-108800
Third Position 109500-110500
Follow and like, with wealth in abundance
Comment and follow, every year you become rich
