Moving Average Resistance: Simple Moving Average is sloping downward at a steep angle well above the current price, serving as a dynamic ceiling that bears are actively defending.
- Bearish Momentum: The MACD line remains pinned below the signal line, and both are diving deeper into negative territory below the zero baseline, supported by an expanding red histogram.
- Key Levels: After cleanly breaking below the major 80.000 support level which has now flipped into a formidable overhead resistance the price is currently hovering right around 69.860, testing the critical 70.000 floor.