🔹 Market Analysis
The black series maintained its strong momentum yesterday. Iron ore continued to lead the rally with a 1.98% gain, while coking coal surged 3.88% in tandem. Hot-rolled coil and rebar followed with passive gains, showing increased volume and open interest. Market funds are now in a stage of intensified confrontation.

As planned in our previous trading strategy, short positions in iron ore and rebar have been established. At this stage, strict adherence to the trading system and disciplined stop-loss enforcement are critical while awaiting further market development.

Our strategy is built on both probability analysis and fundamental reasoning: over the past year, iron ore has reached current price levels only four times. This offers a statistically favorable short opportunity with a strong risk-reward profile. Even in the event of misjudgment, the downside is limited; if the market aligns with our view, the upside potential is substantial.

📌 Summary:
Despite continued strength across the board, we maintain a cautious stance. Iron ore’s valuation is historically high and faces increased downside risk. Our short position remains intact, backed by disciplined execution and statistical conviction.

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