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May 17, 2023- CME Group's CCI indicator is below -100
- Bollinger analysis indicates upper Band® is at $189.87
Citigroup's lower Bollinger Band® is at $44.25, indicating that the market is oversold and fertile for new buyers.
Following today's unexpected gains, extensive multifactorial technical analysis forecasts Citigroup to buck against its prevailing downtrend and begin to turn higher in the short term. With all probabilities considered, the the US financial services giant is expected to pick up significant bullish sentiment in the coming days.
Citigroup's lower Bollinger Band® is at $44.25, indicating that the market is oversold and fertile for new buyers.
Following today's unexpected gains, extensive multifactorial technical analysis forecasts Citigroup to buck against its prevailing downtrend and begin to turn higher in the short term. With all probabilities considered, the the US financial services giant is expected to pick up significant bullish sentiment in the coming days.
Fundamental indicators – United States Building Permits (Apr) released today at 12:30 UTC with a figure of 1.42 million, while the previous figure was 1.44 million.
Upcoming fundamentals: projections for United States Crude Oil Inventories are set for a continuation of decline with -920,000 while previous data was 2.95 million; data will be released today at 14:30 UTC.
