
Cape July has risen by almost 38% in the space of 6 trading days. All indicators show upward momentum remains strong. Perhaps the only worry is that there are tentative signals that the rise has been overheated – today’s move is beyond the upper Bollinger Band and RSI is very close to overbought and likely to cross soon. If the upward trend stalls Cape July will find support at $35,600 (the previous all-time high) and $35,000 (the high from the end of May before the June decline).This week’s Technical Analysis is ready to view.
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