8.15 Midday Thoughts
Daily Level: Yesterday recorded a long lower shadow large bearish candle, indicating strong support around 117000, but upward selling pressure is still quite evident.
4-Hour Level: Price rebounded to around the 119000 line, showing a slight oscillation upward trend, overall still in the recovery phase after the previous large decline.
Indicator Signals: DIF and DEA are gradually converging, MACD green bars are continuously shortening, indicating that the current bearish momentum is weakening.
Operational Suggestions:
Long at 118200-118700, target 120000-121000, stop loss at 118000
Secondary Contract: Long at 4580-4630, target 4730-4830, stop loss at 4550
