Institution: EC2406 valuation may rise to 3,500 points

Gold ten futures on May 6th news, CITIC Futures said that the first trading day after the holiday, container futures mainly shock, near the far month to maintain differentiation. Affected by the holiday hype ceasefire sentiment, the first trading day after the EC holiday to maintain the pre-holiday volatility trend, the main contract in the near month to support the price increase strong. After the update of SCFIS at 2208.83 points rose 1.5% month-on-month, due to the existence of the counter, high freight rates less, SCFIS recent gains than expected. The far month contract is dominated by expectations, and the holiday armistice expectations of the Palestinian-Israeli conflict make the far month contract fall back quickly in early trading; but the current ceasefire negotiations are deadlocked again, Israel is determined to attack Rafah, and the Houthis have escalated sanctions against Israel's Rafah actions. Looking at the market outlook, the recent month has been supported by price increases, and the valuation of 06 may rise to 3500 points. 08 still has configuration value and flexibility, and 10 follows the logic of 08. In the context of ceasefire falsification and Israel's attack on Rafah, there is still room for repair.