CCRV returned after a fast-growing round, with prices approaching the 0.29 to 0.30 United States dollars resistance zone. According to external sources, whether this round of amendments will turn into a deeper retreat will depend on the continued viability of the range of 0.20 to 0.21 dollars.

It's a bump and a bump.

According to the article, the CNV had previously fluctuated over a long period of time between 0.20 and 0.29 United States dollars, and the recent round had pushed prices upwards to the same level, leaving the movement temporarily out of a low-level arrangement. However, the sale was re-emerged in the vicinity of US$ 0.29 to US$ 0.30, and the price was then reversed.

The indicators cited in the text show that the cumulative trade-off margin was stronger at an increasing stage, indicating a marked increase in the purchase of a purchase. At the same time, the CMF is still in the positive vicinity, indicating that the flow of funds has not yet been completely depleted. This means that the current turnback is more like a test of the strength of the previous breakout than a complete reversal of the trend.

US$ 0.20 to 0.21 into critical areas

According to the article, between 0.20 and 0.21 United States dollars remain the most important area of demand today. If prices can be stabilized in this area, the CRV will still have the opportunity to rediscover the upper resistance; if this position is missed, the continuity of the recent rebound will be significantly weakened.

In terms of support and resistance distribution, US$ 0.25 is considered to be the first observation point in the short-line correction, US$ 0.27 is the place where the price needs to be repositioned before it resumes, and US$ 0.29 to US$ 0.30 remains the main area of pressure that was blocked in the previous round of rebound.

  • 0.20 to 0.21 United States dollars: current main support area
  • US$ 0.25: Short-line drop observation
  • US$ 0.27: First resistance in the rebound

Unstabilized contracts up to $90 million.

In addition to the spot price, derivative holdouts were seen as important clues to the subsequent trend. The article mentions that in the course of the increase in the CRV, the Syndication Unstabilized Contract rose from about $6.0 million to over $9.0 million, indicating additional leverage positions to market during the rebound phase.

Next, the change in the silo contract will affect the market ' s judgement of the turnaround. If prices fall and the silo drops, it usually means that part of the leverage position is stagnating and the pressure may be released; if the silo remains high at the time of the price fall, it means that the market position is still accumulating and volatility may continue to increase.

According to the article, if the CCRV was to re-establish itself for US$ 0.27 and further breach of US$ 0.30, the rebound structure would be strengthened in the near future; on the other hand, if it fell for US$ 0.20, the seller might regain short-line initiative.