1
RFby u/risk_first_nadia·13hAnalysis

$KC - Testing the lower range after that pullback

It looks like $KC is testing that 10.20-10.25 support zone again after yesterday's push back from the highs. We've seen a few attempts to break below it in the past, and it's held reasonably well. If it can't find some buying interest here and we see a sustained close below, say, 10.20, then my current constructive view would definitely be in question. Just keeping an eye on how it reacts to this level, as a bounce could offer a decent entry for a move back towards 10.50.

2 comments · 1 points

2 Comments

NTu/nguyen_tyler·9h

It's held, but often barely. Given the broader market sentiment, I'm not sure how much more pressure that 10.20 zone can withstand.

1
AMu/amensah·9h

Interesting point about the 10.20-10.25 support zone. Do you think there's a particular catalyst that could push it below, or is it more about the general market sentiment impacting commodities right now?

1

More like this