1. Review and analysis of yesterday's trend
From the chart, it can be observed that WLD formed a V-shaped reversal yesterday, and the price rebounded strongly from the low of 1.9358 and closed at around 2.3756. From a technical point of view, the bulls showed strong support at low levels. However, the upper MA30 (2.2312) and MA100 (2.5009) moving averages still suppress it, indicating that there is a fierce competition between bulls and bears in the rebound process.
2. Detailed explanation of technical indicators
1. Moving average system (MA7, MA30, MA100)
Short-term MA7: The price is running above MA7, indicating that the short-term rebound is still continuing.
Medium-term MA30 and MA100: The two moving averages are showing a downward trend, indicating that the medium-term trend remains bearish, and rebounds may encounter significant resistance.
2. MACD indicator
DIF and DEA golden cross formed: In the hourly chart, the golden cross is further established, and the histogram shows that bullish strength is still increasing, but the increase is weakening.
Volume contraction below the zero axis: Indicates that the price is still in a weak rebound, and there is a risk of rising and falling in the short term.
3. RSI indicator
The RSI value is currently around 65, approaching the overbought area, and may enter a correction state in the short term.
4. Bollinger Band channel
Support at the middle line of Bollinger Band: The current price is stable at the middle line (2.3300), with a tendency to test the upper line (2.4200) resistance in the short term.
Pressure at the upper line of Bollinger Band: If the price cannot break through the upper line, it may pull back to the middle line or even the lower line again.
Three, today's operational forecast: proceed with caution and follow gradually
Combining yesterday's V-shaped rebound and the current technical indicators, it is expected that WLD price may experience a 'rising and falling' possibility in the short term, overall leaning towards an 'open short on rises' operational strategy. The rebound target is expected to be in the range of 2.4000-2.4200, and if the breakthrough fails, it will trigger a correction.
1. Short position strategy (main idea)
Entry point: 2.4000-2.4200 (light short position when hitting the upper resistance)
Take-profit target:
First target: 2.3200 (near yesterday's middle line support)
Second target: 2.2800 (Bollinger Band lower line support)
Stop-loss level: 2.4400 (stop-loss needed if breaking pressure level)
2. Long position strategy (auxiliary strategy)
Entry point: 2.2800-2.3000 (light long position when pulling back to the lower Bollinger Band)
Take-profit target:
First target: 2.3500 (middle line of Bollinger Band)
Second target: 2.4000 (short-term resistance area)
Stop-loss level: 2.2500 (stop-loss needed if breaking below support)
Four, today's trend summary and outlook
The current rebound of WLD is obvious, but the bullish momentum is gradually weakening. It is expected that today's price trend will mainly be characterized by 'rising and falling'. After the rebound encounters resistance, the downward target area is between 2.2800-2.3200, which is also a key defensive position for bulls. If the price breaks below 2.2500 again, it will further open up downward space.
Operating suggestions:
Pay close attention to the resistance level of 2.4000-2.4200. If the rebound encounters resistance, a light short position can be established.
If the price pulls back to 2.2800-2.3000, a light long position can be established for short-term trading, with strict stop-loss and take-profit settings, and flexible responses to market fluctuations.
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