Intraday price action from morning reached around 67,400, rallied to around 68,800 in late morning, then afternoon pullback with increased selling pressure retreated to around 64,700. Overall market maintained range oscillation between 69,000-67,000. Daily-level bearish momentum currently shows yang, four-hour chart shows volume contraction with three consecutive bullish candles, hourly-level bullish momentum gradually increasing upside.
Monday evening 3.23 price action:
Price range around 68,800-69,300 consolidation, target 67,500-66,500 nearby, watch for resistance at 70,000.
Price range around 2,065-2,085 consolidation, target 2,005-1,985 nearby, watch for resistance at 2,115.
Market volatility is relatively large, pay attention to risk management, just take profits within range oscillations for stability.
Intraday price action from morning reached around 67,400, rallied to around 68,800 in late morning, then afternoon pullback with increased selling pressure retreated to around 64,700. Overall market maintained range oscillation between 69,000-67,000. Daily-level bearish momentum currently shows yang, four-hour chart shows volume contraction with three consecutive bullish candles, hourly-level bullish momentum gradually increasing upside.
Monday evening 3.23 price action:
Price range around 68,800-69,300 consolidation, target 67,500-66,500 nearby, watch for resistance at 70,000.
Price range around 2,065-2,085 consolidation, target 2,005-1,985 nearby, watch for resistance at 2,115.
Market volatility is relatively large, pay attention to risk management, just take profits within range oscillations for stability.
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