Bias is still up and close above 1516 should keep direction intact.
Resistance is yesterday's high of 1517.5 and then 1523 and Nov high of 1530.
Still believe support is far below, possibly at 1510 and 1502.
Strong support should be at Friday's low of 1485.
Sentiment is neutral as futures was priced about fair.
21 day moving average is now at 1501.
A close above 1516 should see the break of trendline connecting recent 2 highs (Nov and Dec)
.
No comments:
Post a Comment