The overnight market welcomed a technical rebound for repair, with the second contract peaking at the 3053 line before coming under pressure and retreating—this round of increase is a reasonable technical correction and does not indicate a trend reversal signal.
The current rebound momentum has shown signs of fatigue. Although there has been a short-term price recovery on the 4-hour level, the overall weak pattern has not changed. The current price is in the high range of the rebound, and caution should be exercised regarding the risk of a pullback.
Continue to short around 3040, add positions at 3080, set stop loss at 3120, and initially target the 2950 and 2900 levels!
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Rebound is not a reversal!
The overnight market welcomed a technical rebound for repair, with the second contract peaking at the 3053 line before coming under pressure and retreating—this round of increase is a reasonable technical correction and does not indicate a trend reversal signal.
The current rebound momentum has shown signs of fatigue. Although there has been a short-term price recovery on the 4-hour level, the overall weak pattern has not changed. The current price is in the high range of the rebound, and caution should be exercised regarding the risk of a pullback.
Continue to short around 3040, add positions at 3080, set stop loss at 3120, and initially target the 2950 and 2900 levels!