continue to consolidate after a sharp corrective decline from the June 17 high near 69.92, with prices currently trading around 58.35. The market has stabilized above the recent low at 55.75, indicating that buyers are beginning to defend value in the lower portion of the current trading range. From a VC PMI perspective, the market is attempting to build a base following an oversold condition while remaining below the Weekly VC PMI mean.

The Daily VC PMI Mean Price is 57.90. Trading above this level signals that short-term momentum is improving. Initial resistance is identified at Daily Sell 1 (59.47), followed by Daily Sell 2 (60.59). A sustained close above 59.47 would confirm that buyers are regaining control and increase the…