Nov. 13 at 1:05 AM
$ICE: The current market context shows a last close at
$151.6, with an RSI of 39.17, indicating a potential oversold condition. The price is below both the 30-day MA of 154.93 and the 50-day MA of 161.52, suggesting bearish momentum. The 60-day high of 181.72 and low of 143.17 indicate a significant range, with current pricing closer to the low end, which could provide a buying opportunity if a reversal occurs.
Directional bias is bearish due to the price being below key moving averages and the RSI indicating weakness. A potential entry point could be at
$153.00, with a stop loss set at
$148.00 to manage risk. For targets, consider
$158.00 as the first target, aligning with the 30-day MA, and
$162.00 as a second target, near the 50-day MA.
Monitor for any changes in momentum or trend indicators before executing.
https://privateprofiteers.com
