Price is currently attempting to push higher after bouncing off the 50MA at ~$111. Parabolic SAR flips bullish at $112.75, this margin is mildly bullish. RSI is currently trending down and testing the uptrend line from August 2020 as support at 49.10 minor support. Stochastic remains bullish and is currently testing 50.61 resistance with no signs of peak formation. MACD remains bearish and is currently forming a soft trough just above -0.38 support for the fourth consecutive session. ADX continues to trend down at 13.57 as Price attempts to push higher, this is mildly bearish.
If Price is able to keep pushing higher then it will likely aim to retest the local-high at ~$114 as resistance. However, if Price breaks down below the 50MA at ~$111 as support, it will likely retest $110 minor support. Mental SL: (two b2b closes below) $111.
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