TUG-OF-WAR AT RESISTANCE
The market continues to challenge the resistance zone of 1,900 – 1,920 points, the upper boundary of the Medium – Long term uptrend channel, but is temporarily recording cautious signals. Liquidity increased compared to the previous session, showing that supply is trending upward again as the market approaches the resistance zone, though it has not yet exerted significant pressure.Despite the caution at the 1,900 – 1,920 resistance, the market is generally striving to maintain balance above the MA(10) line. Meanwhile, support signals from the MA(10) zone have been well-maintained over recent sessions. The market is expected to continue its challenge of the 1,900 – 1,920 resistance zone in the coming time; trading signals at this level will have a major impact on the market's next move.
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