Invesco MSCI Global Timber ETF Price & Performance (CUT)

The Invesco MSCI Global Timber ETF (CUT) is approaching a critical resistance level at $33.29. Analysts suggest a potential upside to $34.73 if this level is surpassed. However, if resistance holds, a decline to $32.54 could follow. Traders are advised to monitor these pivot points closely for strategic entries.1

The CUT ETF has seen its support level revised to $31.42, while resistance now stands at $32.98. A break above resistance could lead to gains up to $32.98, but failure to do so may result in a pullback to its support level. Traders are urged to consider these thresholds in their strategies.2

The CUT ETF is navigating a tight trading range, with resistance at $31.9 and support at $31.42. A breakout above $31.9 could lead to gains, while a rejection may result in a retracement. These levels are crucial for traders looking to capitalize on short-term market movements.2