Open Interest - Long: 2.20 Days
Open Interest - Short: 0.47 Days
RSI: Hidden Bearish (1W)
OBV: Flat
VOL: Flat
Price Action: Margin long positions continue to grow; however now that the price has moved above the 28D MA it could give them some fresh capital to make a run up to the $150 area. $145 is still acting as resistance, although price has properly tested - and wicked through - this range signalling some weakness from the bear side of things. The bearish divergence on the weekly is still the most important thing on this chart though; and it looks like a decision point will be reached sooner rather than later.
Key Resistance: 145, 151 (26w MA), 152
Key Support: 140 (28D MA), 132 (13w MA), 130, 120
Open Interest - Short: 0.47 Days
RSI: Hidden Bearish (1W)
OBV: Flat
VOL: Flat
Price Action: Margin long positions continue to grow; however now that the price has moved above the 28D MA it could give them some fresh capital to make a run up to the $150 area. $145 is still acting as resistance, although price has properly tested - and wicked through - this range signalling some weakness from the bear side of things. The bearish divergence on the weekly is still the most important thing on this chart though; and it looks like a decision point will be reached sooner rather than later.
Key Resistance: 145, 151 (26w MA), 152
Key Support: 140 (28D MA), 132 (13w MA), 130, 120
