A nice move up last night with high volume.
Not much on the volume profile. Obviously not much has traded from 2370 to 2400. So it's going to be pretty easy to slip back to 2370.
This is interesting. We can see we found support at 2395 yesterday afternoon. Overnight that has turned into resistance. So as we go into today, I have an eye on 2395 as potential resistance and of course, we my have to consider that area 'tested'...
As we've had a good move up now, I'm hoping we can develop into a tradable 100 tick range. Let's be on the lookout for that over the coming days.
we are at prices we've not traded before, so there's not much to base decisions on other than the volume and trade balance. So quite happy to let the day develop before jumping in.
Plan
- after the open - look for a move down if we are still below 2395
- will look to short a test of 2395 after the open
- will take long trades but obviously very wary of the fact there's not much volume from here down to 2370
- we are at prices we've not traded before, so there's not much to base decisions on other than the volume and trade
Weekly Numbers
Range - 2357.50-> 2401
Value 2359.75 -> 2375.25
S1 - 2355.25, R1 - 2370.50
Daily Numbers
Range 2361.50 / 2381.25 -> 2401
Value 2390.50 -> 2401
Globex 2389.50 -> 2394
Settlement – 2393.50
Today Only - 2395
Key Levels – 2178.75, 2129.50 , 2099.75, 2084, 2078.75, 2000.75, 1945.5,1898.75,1812.5,1783.5
As we've had a good move up now, I'm hoping we can develop into a tradable 100 tick range. Let's be on the lookout for that over the coming days.
we are at prices we've not traded before, so there's not much to base decisions on other than the volume and trade balance. So quite happy to let the day develop before jumping in.
Plan
- after the open - look for a move down if we are still below 2395
- will look to short a test of 2395 after the open
- will take long trades but obviously very wary of the fact there's not much volume from here down to 2370
- we are at prices we've not traded before, so there's not much to base decisions on other than the volume and trade
Weekly Numbers
Range - 2357.50-> 2401
Value 2359.75 -> 2375.25
S1 - 2355.25, R1 - 2370.50
Daily Numbers
Range 2361.50 / 2381.25 -> 2401
Value 2390.50 -> 2401
Globex 2389.50 -> 2394
Settlement – 2393.50
Today Only - 2395
Key Levels – 2178.75, 2129.50 , 2099.75, 2084, 2078.75, 2000.75, 1945.5,1898.75,1812.5,1783.5
