No Change in Strategy, Stay Patient

Yesterday’s market exhibited minimal fluctuations, remaining in a narrow range. The cross-contract trend of “near weak, far strong” indicates a lack of downward momentum in the short term.

Market Highlights

  1. Price Movements
    • Coke Strengthens: Positive momentum seen in the coke market.
    • Iron Ore Firm: Maintains a slightly stronger position.
    • Steel Weakens: Steel products underperform relative to other commodities.
    • Overall, performance divergence among commodities suggests a lack of uniform direction.
  2. Current Market Dynamics
    • Range-bound behavior continues within established boundaries.
    • Downward forces appear insufficient to break lower levels.

Trading Strategy

  • Stay Out for Now: Maintain a wait-and-see approach and avoid impulsive trades.
  • Focus on Opportunities: Allow the market to present clearer signals before re-engaging.

Conclusion

The market remains in a consolidation phase, demanding patience and discipline. Avoid unnecessary risks and conserve energy for better opportunities ahead.

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