On Apr. 1, most-active May-21 FCOJ futures settled at a one-year low of 109.95, 3.3 cents below the 20-day average. RSI was neutral and near a five-week low at around 41 percent.
The lower Bollinger Band suggests support around 108.00, with additional support near 107.75 and 106.35, per Fibonacci extension.
Both MACD and the stochastic are bearish, with the latter below the 20 percentile line at 7.5 percent.
Leave A Comment