$WLD

Moving Averages:200-period SMA (15m Chart): Positioned around 2.321, while the current price is approximately 2.373. The price is slightly above the 200 SMA, which suggests mild bullish momentum, but any further dip below this level could indicate a bearish reversal in the short term.

Relative Strength Index (RSI):Current RSI (15m Chart): 29.92, which is in the oversold range. This indicates increased selling pressure and may signal a potential rebound if buyers step in at this level.Moving Average Convergence

Divergence (MACD):MACD Line: -0.011Signal Line: -0.059Status: The MACD line is below the signal line, which indicates a bearish trend. The strong downward momentum on the MACD histogram suggests that the current downtrend may continue if no strong support is found.

Support and Resistance Levels:

Immediate Resistance: Around 2.400, which is near recent highs, acting as resistance if the price tries to recover.Local Support: Near 2.321 (aligned with the 200 SMA), which could act as a key support level if the price approaches it.

Bullish/Bearish Scenarios:Bullish Scenario:Bounce from 2.321 (200 SMA): If the price finds support at the 200 SMA and RSI remains oversold, there could be a short-term recovery.

Bearish Scenario:Break Below 2.321: If the price breaks below the 200 SMA and selling momentum persists, it could trigger further downside.