$WLD Yesterday, at this time, it was about 0.558; now it's around 0.485, down about 13% in a day. The hourly chart shows heavy volume and broke below 0.50; the rebound hasn’t yet regained the lost ground, so the short-term bias remains bearish.
Support to watch: 0.476—0.480; buyers have just started to show up, but confirmation is still needed.
Rebound resistance: 0.505—0.515; the prior consolidation zone.
A few small K-lines have been holding sideways at the low level, but it doesn’t yet indicate a reversal. If the hourly close regains and holds above 0.515, the bearish view would be withdrawn; if it breaks below 0.476 again, continue monitoring for further downside.
Support to watch: 0.476—0.480; buyers have just started to show up, but confirmation is still needed.
Rebound resistance: 0.505—0.515; the prior consolidation zone.
A few small K-lines have been holding sideways at the low level, but it doesn’t yet indicate a reversal. If the hourly close regains and holds above 0.515, the bearish view would be withdrawn; if it breaks below 0.476 again, continue monitoring for further downside.
