Short covering profile with poor high at ATH on Monday. Move above 24635 marked for 24665/24690/24720. NF had open auction after clearing poor high at PDH then gone for 24688 and stayed as lower range day all session then closed at dPOC.
Narrow range lower volume session.
3rd day of one time frame up.
Exhaustion and supply seen at top which pushed for balanced profile, from short covering profile and in the process left poor value area then sent dPOC down. Buyers next need to sustain above 24680 for short squeeze. Failing to do so, could do overlap auction in value area to repair anomaly and staying below VAL zone could call for sm liquidation.
Swing support now moves to 24590.Remaining obj are 24720/24790+.
Levels wise for next session, move above 24675 could get 24705/24735-24750 if sustains 24760 then 24790-24805/24840 possible. Not able to stay above 24720 and moving below 24660 could get 24620 weak below that for 24590/24565 if sustains below 24560 then 24535-24525/24490/24465 possible.
Charts and data :
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