Outside day with sellers advantage close in last session.Odds were there for follow through downside. They got ORR down in A period then started accepting back in last week balance, which got pushed till weekly POC pivot zone marked and met with exhaution there at mid session..Remaining session gone for balance and then closed above dPOC.
Trend day turned into short covering P profile at close with poor high..Job of buyers to hold POC and stay higher all day else odds of pulling back into today extension singles to test buying tail zone.
Staying above PDH with volume could get FA at top retest if sustains more squeeze possible.
Volume and data suggests we are likely to stay inside last week range for another session or two.
Levels wise for next session,move above 23565 could get 23595/23620-23630 if sustains 23660/23690-23710/23750/23780 possible.Not able to stay below 23440 and back above 23495 could get 23535/23565/23595-23620-23630.Failing to stay above 23595-23605 and accepting below 23540 could get 23510 weak below that for 23480/23455/23430 if stays further below 23420 with volume then 23380/23380/23325/23290-23280.
Charts and data :
Notes :
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