Price is currently hovering near the top of the last resistance zone, while the rollover contract has opened slightly below it, signaling a pause after the recent rally.
If price closes below this level, a pullback toward the 3.56 support zone is likely — a healthy retest before the anticipated November weather-driven up move resumes.
Watch the 3.5 -3.6 level closely for signs of buyer re-entry and volume confirmation. A sustained hold there could mark the next leg of the seasonal bullish trend.
If price closes below this level, a pullback toward the 3.56 support zone is likely — a healthy retest before the anticipated November weather-driven up move resumes.
Watch the 3.5 -3.6 level closely for signs of buyer re-entry and volume confirmation. A sustained hold there could mark the next leg of the seasonal bullish trend.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.