Double distribution up day in last session..NF opened around PDH and gone for open auction in upper disbn then got range extn higher and closed at dPOC. Move above 24565 marked for 24590/24620 which NF done today then remained as narrow range day.
Short covering profile.
Poor high at ATH.
Double print buying tail at low.
With dPOC skew close, buyers need drive/gap up and once gets clean extension higher should defend POC zone all session next.Failing to do so,could do overlap in value area and test DP tail and goes means liquidation odds.
Swing support now moves to 24545. It has probed 24640 and as long as this holds 24545 remaining obj probe 24720/24790+.
Levels wise for next session, move above 24635 could get 24665/24690/24720 if sustains 24760/24790-24805. If fails to sustain below 24560 and moves above 24600 then 24635 and remaining obj as above possible. Not able to stay above 24675 and moving below 24620 could get 24590/24565 weak below 24560 for 24535-24525/24490 then bounce else 24465 quite weak if sustains there for 24425/24390/24355-24335.
Charts and data :
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