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KC retesting a familiar low, eyeing the prior range break
It's interesting to see $KC flirting with the 9.40 level again. We had a decent break above this a few sessions ago, suggesting a potential shift in sentiment, but the follow-through has been pretty weak. If it can't hold this, then the prior range low around 9.20-9.25 comes back into play, invalidating that recent 'breakout' entirely.
1 comments · 1 points
I'm with you on the weak follow-through; it certainly makes you question the conviction behind that initial move. Do you think there's enough macro pressure right now to push it back down to that 9.20-9.25 range, or is it more of a lack of fresh catalysts for upside?