Friday we didn't do much of anything but overnight, we've managed to break the high again - without a lot of conviction. Volume has been low overnight, so looking to see if there's any levels that might interest people as we come into today.
We have 2 distributions from last week with 63.25 between them, so on any move down I'm watching that area first. Other than that, on the lookout for a move into last weeks value area and a move to the opposite end of it.
We can see Friday day session was completely within the overnight session. Not a great place to trade at all. I'll also be watching Fridays high on any move down so that really makes the area 64.50 down to 61.50 (Fridays Value high) and area of interest, a lot of levels there (mid point discussed above AND the weekly VAH).
Plan
- Not expecting much based on overnight volume
- if we move down and can hold between 61.50 and 64.50, I think we should get a tradeable run to the upside
- if we move up off the open, I'm watching last weeks high and the overnight high as hurdles
- expectation is low, so no trade for the first 15 mins unless we get a large concentrated area of volume from overnight. Expecting low participation and if so - looking to fade high volume area.
Weekly Numbers
Range 2151.25 –> 2170.25
Value 2153.25 -> 2162.25
S1 – 2156.75, R1 – 2174.25
Daily Numbers
Range 2153.50 / 2156 -> 2164.50 / 2168.50
Value 2157.50 -> 2161.50
Globex 2163.75 -> 2172.50
Settlement – 2167.50
Key Levels: 2110.75 ,2096, 2090.75, 2012.75, 1957.50, 1910.75, 1824.50, 1795.50
Plan
- Not expecting much based on overnight volume
- if we move down and can hold between 61.50 and 64.50, I think we should get a tradeable run to the upside
- if we move up off the open, I'm watching last weeks high and the overnight high as hurdles
- expectation is low, so no trade for the first 15 mins unless we get a large concentrated area of volume from overnight. Expecting low participation and if so - looking to fade high volume area.
Weekly Numbers
Range 2151.25 –> 2170.25
Value 2153.25 -> 2162.25
S1 – 2156.75, R1 – 2174.25
Daily Numbers
Range 2153.50 / 2156 -> 2164.50 / 2168.50
Value 2157.50 -> 2161.50
Globex 2163.75 -> 2172.50
Settlement – 2167.50
Key Levels: 2110.75 ,2096, 2090.75, 2012.75, 1957.50, 1910.75, 1824.50, 1795.50
