
A low volume day yesterday. We got to the 2134.75 level - which is around where last weeks lows are, so we could see some participation to the downside from here.

We are also close to the top of the main distribution from last week (2137) - so wary as we approach that.

I'll also be watching for a bounce at Fridays day session low - 2126.50. Other than that the plan is basically the same while we are ranging...
Plan
- A balanced market - so go with trades to the end of the range, then fades at the extremes of price OR value.
- on the lookout for a break out of the range (it'll happen some time)
- an ear on the news in case something happens with DB (seems the fine is going down)
- no bias - just looking to take advantage of momentum on a short term moves that occur before we finally breakout
Weekly Numbers
Range 2107.75-> 2163.50
Value 2116.25 -> 2141.75
S1 - 2102, R1 - 2157.75
Daily Numbers
Range 2122.25/ 2126.50 -> 2143.25
Value 2127.25 -> 2136.25
Globex 2116.75 -> 2128.75
Upper Range - 2158.75-2184
Today only 2125
Settlement – 2127
Key Levels: 2184, 2134.75, 2104, 2089.25, 2084, 2006, 1950.75, 1904, 1817.75, 1788.75
Plan
- A balanced market - so go with trades to the end of the range, then fades at the extremes of price OR value.
- on the lookout for a break out of the range (it'll happen some time)
- an ear on the news in case something happens with DB (seems the fine is going down)
- no bias - just looking to take advantage of momentum on a short term moves that occur before we finally breakout
Weekly Numbers
Range 2107.75-> 2163.50
Value 2116.25 -> 2141.75
S1 - 2102, R1 - 2157.75
Daily Numbers
Range 2122.25/ 2126.50 -> 2143.25
Value 2127.25 -> 2136.25
Globex 2116.75 -> 2128.75
Upper Range - 2158.75-2184
Today only 2125
Settlement – 2127
Key Levels: 2184, 2134.75, 2104, 2089.25, 2084, 2006, 1950.75, 1904, 1817.75, 1788.75

