Although the price of cake fell after reaching a high yesterday, it still maintained an oscillating and consolidating trend within the predetermined range. At the beginning of this week, although the pressure from the high position caused the big negative line to retreat, and the price dropped to 908 points at the lowest, the market immediately showed resilience, and the price rebounded steadily, and on Friday it tested the position of 986 again.
From the perspective of short-term operation, the current market seems to be fluctuating in a clear range, and not many operation suggestions are given. The main reason is that it is necessary to pay close attention to the short-term trend and strength of the market. In this process, it is wise to operate with reference to the resistance level. At present, the support below is firmly fixed in the range of 960 to 958, while the pressure levels are at 975 and 984 respectively.
This series of numbers and data may be dazzling, but they are the cornerstones of market analysis. Each price point represents the intersection of market sentiment and expectations. To understand the significance of these points is like holding a key to open the door to the market. In future transactions, this information will provide us with valuable reference and make more wise decisions.
