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KC Futures Holding 10.00 by Month-End?
Watching $KC closely into month-end. With the current daily range, and that drop to 10.2366, there's some underlying weakness. I'd put the probability of us seeing a test and hold below the 10.00 psychological level by the close on April 30th at around 60%. The current selling pressure, while not extreme, suggests momentum is shifting towards those lower boundaries, especially if we get any more supply-side news. It's just a forecast based on recent movements and current sentiment.
2 comments · 6 points
60% feels a bit high for KC to break 10.00 and hold by month-end. While the weakness is there, it's been volatile enough that a bounce could easily negate that selling pressure. What's your reasoning for such a strong conviction on holding below?