Evening of August 22
The second contract continues its oscillating adjustment trend, falling from 4352.97, currently quoted at 4278.58.
On the hourly level, the price fluctuates below the middle band of the Bollinger Bands, with a trend that leans towards oscillation. The 25-day moving average provides some support for the price, while the MACD indicator shows short green bars, indicating a balanced strength between bulls and bears. At the same time, the RSI indicator oscillates around 50, reflecting a strong wait-and-see sentiment in the market.
Lightly buy in the 4260 - 4280 range, with a stop loss set at 4240, targeting first at 4310, and looking towards 4340 after a breakthrough.
