Nov. 13 at 1:41 AM
$BG: The current market context shows a last close of
$96.52, indicating a strong position above the 30-day moving average (MA30) of
$91.22 and the 50-day moving average (MA50) of
$87.22. The RSI of 54.93 suggests neutral momentum, indicating potential for upward movement without being overbought. The 60-day high of
$99.55 provides a resistance level, while the 60-day low of
$76.01 offers a support benchmark.
Directional bias is moderately bullish as the price is above key moving averages, and the RSI indicates room for growth.
Suggested entry:
$96.75 (slightly above the last close to confirm upward momentum).
Stop:
$94.00 (below the recent price action to manage risk).
Targets:
$99.00 (near the 60D high) and
$100.00 (psychological resistance level).
This plan leverages current price action and technical indicators to capitalize on potential upward movement.
https://privateprofiteers.com
