7.25midday Silk Road

In the morning, Dian Wei continuously declined to a low of 115080, then rebounded to 116100 before returning to fluctuate around the 115300 range. This is a stage of technical correction in a one-sided trend, with intraday fluctuations around the range of 115000 to 117000.

From the daily perspective, there is still an unfilled gap below, and the current pullback is not sufficient. However, institutions are buying strongly in the range of 115000 to 117000, which will support the price and prevent it from dropping too much. In the short term, we should first look at a consolidation adjustment, with a key focus on whether the support level of 115000 can be maintained.
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