Analysis of Big Cake Today
Big Cake this morning went through a false break below 9w2 and quickly pulled back, and is now back to around 9w4
This wave of sharp declines did not provide effective support for the retracement point. Whether this wave of retracement is a new upward correction structure or a continuation of short-term shorts remains to be seen
At present, there is still some room above this wave of retracement, and there is still a high probability that it will continue to rise in the afternoon.
The key turning point depends on the non-agricultural data on the news side in the evening. Now the overall market is greatly affected by the news. Tonight will basically determine whether Big Cake can start with 8 tomorrow. Let's wait and see
Now the upper pressure can be seen at 9.45-9.5
The lower support is still at 9.2-9.12
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