Kinder Morgan: bearish structure under pressure, but opening remains high risk

Kinder Morgan is in week 2 of a sell signal: the weekly structure is intermediate bearish, and the setup quality index stands at 74 out of 100, in tension. Last week was one of indecision, yet the resistance cluster in the 31.70-32.10 area continues to hold back any recovery attempt. Our model flags elevated risk with the stock trading 28.6% above the 200-week moving average.