NF had NE down day last session..Open had gap down and gone to clear weak low below 22345 then bounced for PDH to get early outside day..Then spike down to clear IBL also produced early neutral day..This resuled in most of session for good two way auction then later in second session got extension higher and closed at upper disbn.
Neutral day with failed auction at low.
Outside day.
Double distribution up day.
Buyers need to defend 22600 and stay higher for next session else overlap session between 22500-22650-22695 roughly and below 22470 weakness.
Swing view 22520 was pending which was done today. Now odds of 22350-22500-22740 balance and staying below 22350 could become weakness for swing.Above 22740 more rally higher.
Levels wise for next session, holding 22600 could get a push higher for 22650/22695/22740 then more bullish for 22790/22830-22840.Or failing to stay below 22520 could bounce back to 22580/22620 then 22650/22690 possible. Weak below 22600 for 22570-22560/22530/22480 and more weakness below 22470 for 22445/22410/22365.
Charts and data - Current month:
Charts and data - Next month:
Notes :
a) Check glossary page in website if any of the terms used in the post are not clear.
b) If images are not clear, click on them for enlarged view.
Comments