The price is currently trading near the 25-day moving average with resistance around 106,160.
- The RSI is at a neutral level (54.01) indicating no current overbought or oversold conditions.
- The negative MACD signal may indicate a potential short-term decline.
- The main support level appears to be around 104,700 (MA7) then 92,900 (MA99).
Recommendations:
1. Monitor the breakout of the 106,160 level for a bullish stance.
2. Be cautious of a decline if the price breaks below 104,700.
3. The RSI does not currently show excessive buying or selling.