Most-active Jul-23 FCOJ traded sideways in the last six sessions, consolidating between the 20-day moving average near 267.71 cents and retracement support above 264.40, closing May 4 at 266.75. RSI is neutral. MACD grew more bearish, while the stochastic grew less bearish, approaching a crossover.
Sep-23 FCOJ fell from its recent high to find retracement support near 257.90 cents and the 20-day average near 258.96, closing May 4 at 260.65. RSI is neutral, and MACD and the stochastic are strongly and modestly bearish, respectively.
The full version of this commentary appeared on our IQ platform May 4, 2023. Further information, statistics, and pricing for the FCOJ market are available to IQ subscribers. Learn more about becoming a subscriber.
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