09:18 UTC
Uptrend, stalling near range highs · RSI 44 · price 156.698
Broad uptrend punctuated by sharp two-day flushes; consolidating below 160.00.
Quarter-long uptrend off the late-January 152.20 low, with price grinding from the 152s through the 160 handle by mid-April. The last three weeks have stalled inside a 156–160 range, with two sharp single-day flushes (the Apr 30 break to 155.50 and the May 7 wick to 155.03) showing supply capping near 160.00 and demand stepping in around the mid-155s. Price closed the week at 156.70, sitting just below the EMA20/EMA50 cluster as the range tightens.
Support: 155.50, 152.20
Resistance: 160.00, 160.72
What it said to watch
- Daily close above 160.00 reasserts the uptrend toward the 160.72 range high
- Daily close below 155.50 swing low confirms a lower-low and breaks the range
- US CPI release next week could materially shift this read