It has been rising for more than a month in a row! Does the futures price of the Consolidation Index (European Line) still have some upside?

Golden Ten Futures on May 14, the main contract of the container shipping index (European line) has continued to rise for more than a month. It is expected that the tight supply and demand pattern of European line container shipping will probably continue until mid-June. This week, we will focus on the opening price of other shipping companies in early June. If the freight rate is further improved, there is still room for upside in the valuation of the 06 contract. Due to the circumference of the Cape of Good Hope this year, the shipping time from Shanghai to the basic port of Europe has generally increased by about 10 days. The superposition of shipping companies' active regulation may lead to the traditional peak season of shipping this year being ahead of previous years. In the context of maintaining the detour in the third quarter, traders can pay attention to the upside of the 08 contract. Under the condition that the fundamental situation has not changed, the short-term rise of European contracts is strong, but due to the volatility of the futures price trend, the difficulty of trading has increased recently. Traders are advised to remain cautious and pay attention to the pace of operation and risk control.