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Good morning, the biscuit market yesterday experienced a small fluctuation, with a relatively small range. Can it continue to rise today?
The current market is in a new oscillating rebound on the daily chart. It is currently in the first stage. Due to geopolitical influences, there was a sharp pull early yesterday morning. The retracement during the day yesterday was relatively small, which is also the usual trend after a sharp pull. It is unlikely to see a significant decline after a sharp rise. In terms of energy, only a small upward oscillation will occur, and the upward momentum will gradually weaken. Therefore, a larger retracement will come. It is expected that there will still be a small upward movement during the day, and it is expected that the retracement will come in the afternoon to evening, reaching the 107300 area with some slight pressure.