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Good evening. Currently around 2285, after receiving news in the early morning, it spiked up and then pulled back. It looks like it has risen quite a bit, but it is clearly not able to push higher. The previous high at 2329 has become a short-term ceiling, and it has been sliding down steadily. Trading volume has also been shrinking. From a technical perspective, the KDJ has already formed a dead-cross signal, and it has already broken below the 5-period line. The pressure for short-term correction is still present, and it may weaken further at any moment.
Ice sugar orange has resistance around 73500-74200, and may later test the 72000-70800 range;
Yiqing has resistance around 2300-2330, and may later test the 2245-2200 area.
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