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Citigroup reports on expectations for the Federal Reserve under new chair Kevin Warsh.
Rob Rowe and Veronica Clark share views on the future of forward guidance and the value of dot plots. They continue to expect rate cuts and not hikes.
Citigroup (C) is currently trading at $133.11, sitting below the MA-20 ($136.71) and MA-50 ($134.29), which highlights short- and medium-term resistance from sellers, but remaining well above the MA-200 ($117.91), confirming solid long-term support. The Ichimoku Kijun level stands at $137.55, positioning immediate resistance just overhead; near-term support is found at the MA-200 ($117.91), with key support also at the MA-100 ($126.78). Meanwhile, the MA-50 ($134.29) provides near-term resistance, and the MA-20 ($136.71) acts as key resistance above.
Overall momentum on D1 is weak, as the MACD points to a bearish setup and the ADX signals limited trend strength. Oscillators are mixed: RSI and CCI D1 both indicate a mild bearish bias, while D1 Stoch RSI is neutral and BBP shows sellers dominating with oversold readings. Awesome Oscillator does not confirm the prevailing bearish tone, and daily momentum signals are conflicted. Citigroup is trading at $133.11, up from a previous weekly close of $132.22, reflecting a modest 0.7% gain over the week. The price is positioned at the very top of the weekly range, and weekly volatility stands at 3.67%. The market has pivoted upward from recent support, suggesting a brief period of consolidation near resistance.
Looking ahead, the expected price range for the coming week is $129.00 to $135.00, anchored against a 52-week low of $87.94 and a high of $147.79. Based on W1 indicators, the probability of an upward move is very high (more than 80%), making a pullback less likely. Baseline scenario: C continues a sideways move, finding support near $129.00 and resistance near $135.00. A bullish scenario would see a breakout above $135.00 toward the $136.70–$137.50 area if buying momentum returns. A bearish development could take the price below $129.00, with further support at $126.80. The yearly context still favors the bulls, but near-term resistance should not be ignored.
Previously it was reported that Citigroup had expanded its presence in London's bullion market by becoming a clearing member and securing access to physical precious metals infrastructure. Investors should now monitor how Citi's deeper integration in the global metals ecosystem impacts its market share and operational risks, with particular attention on potential shifts in liquidity or settlement flows.