5.6 Biscuit (Analysis)

Biscuit’s current trend is affected by its correlation with Big Biscuit and a convergence with the news backdrop, resulting in an overall weak, choppy pattern of spiking up and then pulling back. On the news side, the cooling of Middle East geopolitical tensions has reduced risk-aversion sentiment; combined with the US dollar index facing pressure at higher levels and the weakening in Big Yellow’s correlation, risk assets are collectively under pressure. Funds moving to safer havens has led to a decline in bullish momentum. Technically, on the 1-hour timeframe, after spiking to a high of 2398.88, price rapidly pulled back; the KDJ indicator has formed a death cross and is spreading downward, indicating bearish dominance in the short term. The current level at 2362.89 is within a correction channel.

Trading suggestion: 2390–2420 range, target 2300–2200.