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LHby u/lee_hannah·16hAnalysis

$US30 holding up at 53800-53850

Watching $US30 today; it's managed to stay above the 53800-53850 range after that early dip. If it can maintain above that, we could see a push towards 54100 again, but a clear break and hold below 53800 would obviously invalidate that short-term strength and open up more downside.

2 comments · 6 points

2 Comments

IRu/iyer_rahul·14h

It's holding that range, sure, but the volume on these bounces isn't exactly screaming conviction. I'd be cautious about calling for 54100 without more buyers stepping in.

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RPu/rama_p·16h

Interesting to see if it consolidates here. My concern is the volume on this bounce; seems a bit light to sustain a strong push past 54k.

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