We are now at the top of the medium term range. So looking to see if we can really pop the highs or if we'll roll over to the bottom of the range.
It's 4th July on Monday though - so it may well be a lackluster day because people might be on vacation today.
As we can see, still a steady march up, but for the first time, there's been no progression in the Globex session. That's more of a heads up than a point at failure but the top of our range is 90.75 and we topped out pretty close to it yesterday and overnight.
Plan
- Proceed with caution as volume might be low today
- As we are at an area the top of the range, we could see a lot of nudging around, let that resolve before jumping in.
- best scenario - build volume in a range and then play in the direction of a break
- would also consider a long off a pullback to yesterdays VAL
Weekly Numbers
Range 1981.50 - 2091.25
Value 1981.50 - 2059
S1 - R1
Daily Numbers
Range 2056.50 / 2061 -> 2091.25
Value 2071.50 -> 2091
Globex 2081.50 -> 2089.50
Settlement - 2090.25
Long Term 2096, 2090.75, 2012.75, 1957.50, 1910.75, 1824.50, 1795.50
