The market continues the morning trend: it leads with a dip, falling to around 57,700, then rebounds and moves up to around 59,100, closing around 58,600 near 8:00 AM. On the daily structure, the leading momentum is shrinking, and the price is trading near the lower band with a bullish candle. Resistance to watch is around 59,800. On the 4-hour level, the leading momentum is shrinking and forms a bullish candle with a lower wick. On the 1-hour level, the leading momentum is gradually increasing, forming an upward breakout.



Wednesday midday:

For the range around 58,800–58,300, look at 59,800–60,300.

For the range around 1,575–1,555, look at 1,625–1,645.
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