$CLS 4H, price is consolidating around $302.20, with resistance at $320.00 and support near $290.00. The 40 SMA is acting as a potential support around $295.00, while the Bollinger Bands indicate some tightening, suggesting a potential breakout or breakdown. A break above $320.00 targets $350.00, while a dip below $290.00 could lead to a deeper pullback toward $250.00.
On the daily, price remains above the VWAP and Value Area Low near $290.00, with resistance at $320.00 and $350.00. The price is oscillating between these key levels, maintaining a rotational phase. A breakdown below $290.00 risks a deeper pullback toward $250.00.
On the weekly, the price is holding near $302.30, with strong resistance at $320.00 and $350.00. The PoC is at $275.00, with support around $250.00. Bollinger Bands remain wide, indicating significant volatility and a potential for continued price expansion or deeper pullback, depending on market action.
Bullish bias while above $290.00 — drop below risks move to $250.00.
