As analyzed a few days ago, ordi has broken through the downward channel and turned upward, which is good news for bulls. In the recent trend assessment, news no longer plays a big role. The internal structure and logic of the trend are the core. The market makers are also planning the Spring Festival market, and the market will quickly pull up once the market environment improves.
Let's analyze the daily K-line chart. We can clearly see that after breaking through the previously mentioned 59.5, it quickly broke through 60 and maintained inertial growth. We should pay attention to the pressure of 66.7 nearby. The chips here are relatively dense. A breakthrough means that a large number of locked-in positions will be released, which depends on the strength of the funds.
There are opportunities for both long and short positions in the contract, but in the medium and long term, bulls still have the upper hand.
Continue to hold the spot. Judging from the news and K-line chart, the upward trend is expected to continue.
