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Weekly – Now in a new May 2023 downtrend. Trade pressures are down. Volumes are bearish.
Daily – Flat. The drop to 3.54 returned to the consolidation area of 3.66. Trade pressures are rising into the neutral zone. Volumes are now bullish.
In the move up from the 3.60 crossover to uptrend in the lower time frames. Overbought levels are 3.77 .
A new close below 3.62 would signal lower. The expected oversold levels are now 3.51.
Weekly – In the November 2022 uptrend. Trade pressures are now down. Volumes remain bearish.
Daily – Flat. Stopped out of the move down from the 2062 (August), the 5/5 short entry. Trade pressures are down. Volumes remain bearish.
The next target down is 1939 and the expected oversold levels are 1939.
A close above upside resistance at 1977 signals higher. The next overbought levels are 2031.
Weekly – In the April 2023 uptrend but testing support. Trade pressures are down. Volumes remain bearish.
Daily – Flat. In the move up from the 2hr 23.13 breakout. Trade pressures are down but rising. Volumes are now bullish.
Dropped to the lower median line support at 22.78. Oversold levels are at 22.74.
A close above 24.26 would signal higher and confirm the 23.13 break. Overbought levels are expected at 24.12.