Market Review

🔹 Steel futures remain range-bound between ¥3,320–¥3,390, showing limited short-term trading value.
🔹 Iron ore strength persists, providing some market support.

Strategic Outlook

📌 Short-Term Bias: No major shift in market structure; continue to buy on dips but avoid aggressive trading.
📌 Resistance Levels:

  • Primary target: ¥3,450
  • Extreme upside: ¥3,550 (unlikely to exceed this level)

Trading Strategy

✅ Hold & Observe: Current market conditions favor patience rather than immediate action.
✅ Wait for Weakness: The best shorting opportunity will emerge once upside momentum fades.
❌ Avoid Premature Shorting: The market hasn’t shown clear signs of exhaustion yet.

Bottom Line:
For now, patience wins – the real opportunity comes after the rally loses steam. Stay vigilant and wait for the right moment to strike. “One word: Wait.”

📌 Daily insights provided by LangZo Steel. For reprints, please credit LangZo Steel.