CMC20 is holding a constructive setup on the daily chart, trading around $161.63 after gaining 1.44%. Price is slightly below the 7 day MA at $162.47 but remains well above the 30-day MA at $154.03 and 200-day MA at $142.43, keeping the broader trend positive.
RSI is around 58.6, showing healthy momentum without being overbought. MACD is currently negative at -1.31, suggesting short-term momentum has cooled after the recent rally.
The key level is $167.93 to $168. A clean break above it could open the way toward $175. On the downside, $154 for $CMC20 is the key support to watch. Holding above it keeps the bullish structure intact.
#Macro Insights#
RSI is around 58.6, showing healthy momentum without being overbought. MACD is currently negative at -1.31, suggesting short-term momentum has cooled after the recent rally.
The key level is $167.93 to $168. A clean break above it could open the way toward $175. On the downside, $154 for $CMC20 is the key support to watch. Holding above it keeps the bullish structure intact.
#Macro Insights#
