FXstreet

The daily price is located below Ichimoku cloud in the bearish area of the chart. The price is trying to break 32 resistance level to above for the rally to be started with 34 resistance as the next target to re-enter for possible bullish reversal to be started. Alternatively, the price will be on bearish ranging within the levels.
The current high inflationary environment, rising interest rates, and recession fears have weighed on railroad stocks.


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