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October 9,2025
Overview
Following up on yesterday’s note — the bounce has continued, and the move higher is gaining traction.
Price has now closed back above both the 200-day moving average and the lower Bollinger Band for two consecutive sessions, reinforcing the potential for further upside.
Momentum remains extremely oversold, but has clearly turned up, suggesting more room to run.
We’re approaching a key resistance zone in the 1.98–2.08 area, where multiple technical levels cluster:
50-day MA at 1.98
100-day MA at 2.08
20-day MA (mid Bollinger Band) is also in this range
A decisive break above this area would likely open the door to 3.00, and potentially up to 3.67 on a stretch if momentum carries.
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Disclaimer
This article and its contents are provided for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any commodity, futures contract, option contract, or other transaction. Although any statements of fact have been obtained from and are based on sources that the Firm believes to be reliable, we do not guarantee their accuracy, and any such information may be incomplete or condensed.
Commodity trading involves risks, and you should fully understand those risks prior to trading. Liquidity Energy LLC and its affiliates assume no liability for the use of any information contained herein. Neither the information nor any opinion expressed shall be construed as an offer to buy or sell any futures or options on futures contracts. Information contained herein was obtained from sources believed to be reliable, but is not guaranteed as to its accuracy. Any opinions expressed herein are subject to change without notice, are that of the individual, and not necessarily the opinion of Liquidity Energy LLC
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