Open Interest - Long: 1.12 Days
Open Interest - Short: 1.33 Days
RSI: Hidden Bullish (1D)
OBV: Rising
VOL: Flat
Price Action: After spending the last 48 hours eating into the top of the channel; there has been a reasonable pull back. The moving averages are a relative distance below (closest is $53), so the logical approach favors the short side right now - look for positions in the $61-$63 range; but be willing to hold through to $71 with the 52w MA being the stop loss.
Key Resistance: 60.0, 67.0, 70.9 (52w MA)
Key Support: 54.0, 53.2 (28d MA), 48.0, 44.0 (26w MA)
Open Interest - Short: 1.33 Days
RSI: Hidden Bullish (1D)
OBV: Rising
VOL: Flat
Price Action: After spending the last 48 hours eating into the top of the channel; there has been a reasonable pull back. The moving averages are a relative distance below (closest is $53), so the logical approach favors the short side right now - look for positions in the $61-$63 range; but be willing to hold through to $71 with the 52w MA being the stop loss.
Key Resistance: 60.0, 67.0, 70.9 (52w MA)
Key Support: 54.0, 53.2 (28d MA), 48.0, 44.0 (26w MA)
