Nov. 13 at 3:10 AM
$IRON: The last close at
$86.07 indicates a position above the 30-day moving average (MA30) of
$79.96 and the 50-day moving average (MA50) of
$72.67, suggesting a bullish trend. The RSI at 47.93 indicates neutral momentum, with potential for upward movement as it approaches the 50 level. The recent high of
$95.95 and low of
$57.54 over the past 60 days further reflect a significant range, allowing for potential price appreciation.
Directional bias is cautiously bullish, supported by the price being above key MAs and the potential for a rebound from the neutral RSI level.
Suggested entry:
$86.50 (above the last close).
Stop:
$83.50 (below recent support).
Targets:
$92.00 (near the 60D high) and
$95.00 (psychological resistance).
Monitor for any changes in momentum or market conditions.
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