Nov. 13 at 12:58 AM
$C: The last close at
$101.18 indicates a strong position within the recent range, with an RSI of 68.69 suggesting it is nearing overbought territory. The 30-day moving average (MA30) at
$98.87 and the 50-day moving average (MA50) at
$99.36 both indicate bullish momentum, as the price is above these averages. The 60-day high of
$105.59 provides a resistance level, while the low of
$90.68 establishes a solid support base.
Directional bias leans bullish, but caution is warranted due to the elevated RSI. Suggested entry is at
$101.50 to confirm upward momentum. Set a stop loss at
$99.50 to manage risk. Target 1 is
$105.00, close to the 60D high, and Target 2 is
$107.00, allowing for potential further gains if momentum continues.
Monitor for any signs of reversal as the RSI approaches overbought levels.
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