Binance Futures CAT Contract Gains 1.75% but Remains Below Key Averages

The CAT contract on Binance Futures rose 1.75% to $571.39 at 6:56 p.m. ET Nov. 9, while remaining below three key moving averages as its RSI signaled oversold conditions. Here, CAT refers to the Binance Futures instrument, not Caterpillar Inc. shares. The contract traded between $555 and $571.39 over 24 hours. It was above a $565.93 pivot and below immediate resistance at $576.85, with another listed resistance at $582.32. The instrument was below its seven-day simple moving average of $575.19, 20-day average of $640.16 and 50-day average of $736.99. Its 14-day relative strength index was 26.68, in oversold territory. Stochastic %K was 12.48 and %D was 9.99, near the lower end of the recent range.

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