Our preference: bullish as long as 33.2 is support with goal 36.6.
Alternative Scenario: The 33.2 will be depressed, triggering a return to 32.2 and then 31.6.
Comment: The RSI is greater than 50. The MACD is positive and below its signal line. A correction could occur. Additionally, prices are below their moving average 20 (34.7285) but above their moving average 50 (34.0411).
Alternative Scenario: The 33.2 will be depressed, triggering a return to 32.2 and then 31.6.
Comment: The RSI is greater than 50. The MACD is positive and below its signal line. A correction could occur. Additionally, prices are below their moving average 20 (34.7285) but above their moving average 50 (34.0411).
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