Good evening, over the past hour, the price has been fluctuating around 1980. Although there has been a slight pullback, it hasn't crashed, and trading volume is still present. From the trend, this upward movement isn't bad; it's just a pause after a run. The moving averages are still supporting from below, and the weakening MACD momentum only indicates a slowdown in momentum, not a reversal downward. The RSI is at 55, indicating it's neither too hot nor too cold, just sideways consolidation. Overall, this is a mid-rest in a strong market, not the end. After catching a breath, there's a high probability it will continue upward.
Sugar orange has support around 66200-65500, and may test the 67200-68500 range later;
Concubine support exists around 1960-1940, and may test the 2010-2060 area later.
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Good evening, over the past hour, the price has been fluctuating around 1980. Although there has been a slight pullback, it hasn't crashed, and trading volume is still present. From the trend, this upward movement isn't bad; it's just a pause after a run. The moving averages are still supporting from below, and the weakening MACD momentum only indicates a slowdown in momentum, not a reversal downward. The RSI is at 55, indicating it's neither too hot nor too cold, just sideways consolidation. Overall, this is a mid-rest in a strong market, not the end. After catching a breath, there's a high probability it will continue upward.
Sugar orange has support around 66200-65500, and may test the 67200-68500 range later;
Concubine support exists around 1960-1940, and may test the 2010-2060 area later.
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