09:18 UTC
Sideways within multi-quarter range · RSI 55 · price 156.698
Broad range, recovering from Q2 lows.
Range-bound between roughly 142.00 and 160.40 since late 2024, with price now mid-range after recovering off the Q2 142.00 low through a broad rounded base. Price holds above the rising W1 EMA(50), keeping macro structure intact, but the prior high at 158.10 and range top near 160.40 have repeatedly capped advances. Last bar's rejection from 160.72 back to 156.70 reinforces that the upper band remains the dominant ceiling.
Support: 152.00, 142.00
Resistance: 158.10, 160.40
What it said to watch
- weekly close above 160.40 ends the multi-quarter range
- loss of 152.00 swing low reopens the path to the Q2 low at 142.00
- US CPI print mid-month could materially shift this read