Although the market change is a bit slow, it basically meets expectations. The market after the white dashed line in the chart shows that the spot premium has not changed at all, indicating that this wave of upward movement is mainly driven by the futures market behavior, which is a standard liquidity grab;

Although the reason for the decline is the escalation of the Middle East conflict, it has actually been ongoing, and this time the attack in Tehran leading to the decline is mainly due to the failure to reach an agreement...

Currently, there is a key support level in the technical aspect. The key to maintaining a small-scale bullish trend is that the green support level in the chart cannot be broken. If the position at 104400 is confirmed to be broken, then the standard oscillation market will shift into a bearish trend...