$TRUMP
$XAU
#ZECHitsANewAllTimeHigh #LululemonTumbles20%OnWeakGuidance #USAugustJobGrowthNearlyTriplesForecast #USAugustNonfarmPayrollsDueToday #USAugustNonfarmPayrollsDueToday Granular urea rebounds 2.9% amid a descending triangle
Downward: real-time levels
The price of Urea Granular FOB Middle East rebounded 2.9% from its recent low to reach $350.00 over a 5-hour timeframe, while the formation of a descending triangle and continued selling pressure point to the possibility of a drop toward $329.1 if support at $340.0 is broken. This level is the pivot point — breaking it determines the fate of bears and bulls.
A downward wave lurks
The 5-hour performance of Urea Granular FOB Middle East shows a market structure tilted to the downside, despite a recent rebound from historical support. The RSI at 35 indicates possible oversold conditions, offering a chance for a short-term bounce, but continued trading below the 50 moving average at $358.0 and the SuperTrend shifting to a sell signal, with clear liquidity exhaustion above $365.0, make the risk of further decline strong.
Critical support: $340.0 with 3 previous tests (losing it = faster decline)
Key resistance: $365.0 is the market turning point (reclaiming it means a quick end to bearish dominance)
Distance to the average: the current price is 2.2% below the 50 MA, meaning the downtrend is still intact
Trading opportunities: scenarios in the owl
$XAU
#ZECHitsANewAllTimeHigh #LululemonTumbles20%OnWeakGuidance #USAugustJobGrowthNearlyTriplesForecast #USAugustNonfarmPayrollsDueToday #USAugustNonfarmPayrollsDueToday Granular urea rebounds 2.9% amid a descending triangle
Downward: real-time levels
The price of Urea Granular FOB Middle East rebounded 2.9% from its recent low to reach $350.00 over a 5-hour timeframe, while the formation of a descending triangle and continued selling pressure point to the possibility of a drop toward $329.1 if support at $340.0 is broken. This level is the pivot point — breaking it determines the fate of bears and bulls.
A downward wave lurks
The 5-hour performance of Urea Granular FOB Middle East shows a market structure tilted to the downside, despite a recent rebound from historical support. The RSI at 35 indicates possible oversold conditions, offering a chance for a short-term bounce, but continued trading below the 50 moving average at $358.0 and the SuperTrend shifting to a sell signal, with clear liquidity exhaustion above $365.0, make the risk of further decline strong.
Critical support: $340.0 with 3 previous tests (losing it = faster decline)
Key resistance: $365.0 is the market turning point (reclaiming it means a quick end to bearish dominance)
Distance to the average: the current price is 2.2% below the 50 MA, meaning the downtrend is still intact
Trading opportunities: scenarios in the owl
