Price is currently trending up at $1737 and is still technically testing $1711 minor resistance. Volume is on track to both be High and favor buyers for a fourth consecutive session if it can close today's session a bit higher and in the green. Parabolic SAR flips bearish at $1476, this margin is mildly bearish at the moment. RSI is currently trending up slightly at 58 and is still technically testing the descending trendline from February 2020 and 55.31 resistance. Stochastic remains bullish and is currently testing max top. MACD remains bullish and is currently trending up at 6 as it approaches 27.77 resistance. ADX is currently trending sideways at 14 as Price is pushing higher, this is neutral at the moment.
If Price is able to turn $1711 minor resistance to support, the next likely target is a retest of $1941 resistance. However, if Price breaks back down below $1711 minor resistance, it will likely retest the 50 MA at ~$1667 as support. Mental Stop Loss: (one close below) $1660.
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