Market will try to decide today if yesterdays low range was nothing more than a consolidation and acceptance of prices before the move higher.
Key zone is 40 - 41.50 to resolve. On downside is 32-33 as that is current ON low and the open prices from Fridays trade.
Further upside is 47.75 - 50 as we had volume in Sunday ON session , a key Rat and an ON high sunday night.
Let see where we open in relation to YD RTH trade
BR
BruceM
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C'mon down we all see the ledge..but how many see the gap at 36.25?
BR
BruceM
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ticks trying to concentrate some time pushing your trend line Lorn...DOWN!!
BR
BruceM
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a good day to see Dead people...I was really expecting to suffer more than that...ledge busted as that was the OBVIOUS point
LO
Lorn
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There was lots of buying on the break above the ON high. Now that prices have fallen back to this level I'm curious to see if those buyers step in here or if they cover, hence pushing prices down even further.
Originally posted by BruceM
ticks trying to concentrate some time pushing your trend line Lorn...DOWN!!
BR
BruceM
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with some real luck my last two runners will get down to 32.50...volume there...but they still need to fill in 36.25 and print it
BR
BruceM
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amazing...36.50 low...so far..this is suffering..for one freakin tick gap
LO
Lorn
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and now we have trips there...
Originally posted by BruceM
amazing...36.50 low...so far..this is suffering..for one freakin tick gap
BR
BruceM
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It will surprise me if they don't break em.....we popped out the highs and then the lows so it is almost like an OUTSIDE bar...with a double top...look at 60 minute....with bigger volkume down