After trading sideways through most of April below 270.00 cents, most-active Sep-23 FCOJ rallied during the last two weeks in April, settling Apr. 25, at a record high straddling the upper Bollinger Band. The contract fell in the last two sessions, however, closing Apr. 27, straddling the 20-day moving average. RSI is bearish, and MACD and the stochastic saw bearish crossovers.
Nearby May-23 FCOJ settled Apr. 27, near a four-week low—the first week to settle below its 20-day average in six weeks. Sep-23 FCOJ set a contract high Apr. 25, but fell shortly thereafter on Apr. 27; technicals are bearish.
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