6.29 Midday


The daily chart remains weak overall and is trading lower in a choppy decline. Each minor rebound meets pressure and rolls back down. The bearish momentum continues to dominate the chart, with a clearly defined downward trend. There are no signs of stabilization or reversal in the short term, and the weak outlook is likely to persist.
The 4-hour cycle continues probing lower. The moving average system is diverging downward, but there are no signals indicating a stop to the drop or stabilization. The rebound lacks strong follow-through, so the rebound strength is limited.
Recommendation
Near 6.05-6.1, chart target: 5.90-5.85.
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