🔹 Key Takeaway:
Tariff risks are cooling off, and China’s top leadership is engaging in Southeast Asian diplomacy. However, no domestic stimulus measures have been announced yet. The market currently lacks a clear directional driver, entering what could be called a “dead zone” of trading.

🔸 Market Snapshot:
Both the May (05) and October (10) futures contracts are actively transitioning positions, indicating that capital is repositioning for the next major move. Prices remain range-bound, and the market lacks a decisive trend.

At this stage, patience is key. It’s better to wait for a clear breakout before taking action.

🔹 Trading Strategy:
1️⃣ If the price consolidates between 3100–3200: Stay on the sidelines. No action is recommended.
2️⃣ If price breaks above 3200: Consider initiating left-side short positions.
3️⃣ If price falls below 3090: Prepare for right-side short entries.

🔸 Estimated Trading Ranges This Week (Technical + Macro):
• Rebar (RB2510): 3120–3250
• Hot-Rolled Coil (HC2510): 3300–3380
• Iron Ore (I2509): 700–730

⚠️ No strong catalysts are currently visible. Monitor key economic headlines and contract rollover volumes closely. A reactive rather than proactive trading stance is advised for now.

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