Day Note for Dec 06, 2018
6th December
Well, so much for 'gap up'/end of trade war... some big moves down the past few days - but overall we are in a big range and the bottom isn't well defined - but we are close to it.... 2603->2626. I'd see them as 2 seperate levels rather than a range and a push through 26 and absorption on the bid side would be a decent cue for the market to hold.
I do expect a big move if we break the range - it's just a bit hard to tell where the break is - so just looking for big volume below 26 with caution at 03.
Not really expecting much from this weeks profile - but eyes on 2705 if we do move up.
As yesterday was a market holiday - I'm not looking too much at the levels other than what we trade overnight.
This is a big move down overnight - so as usual - look for a snap back up off the open but be wary that it might just be rebalancing. It may be worth sitting out the first 15-30 mins too.
Plenty of news too- plus an OPEC meeting. So really - what could possibly go wrong today?
Plan
- Range low just below, so watching to see if we break it or hold it. It's just tricky as the bottom is poorly defined.
- careful about initial moves as the US traders open to this 2nd large drop this week
- the meek may want to sit the first 15 minutes out!
Today only - 2603, 2626
Long Term Levels - 2797.50, 2868.75, 2892.75, 2922.50, 2697
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6th December
Well, so much for 'gap up'/end of trade war... some big moves down the past few days - but overall we are in a big range and the bottom isn't well defined - but we are close to it.... 2603->2626. I'd see them as 2 seperate levels rather than a range and a push through 26 and absorption on the bid side would be a decent cue for the market to hold.
I do expect a big move if we break the range - it's just a bit hard to tell where the break is - so just looking for big volume below 26 with caution at 03.
Not really expecting much from this weeks profile - but eyes on 2705 if we do move up.
As yesterday was a market holiday - I'm not looking too much at the levels other than what we trade overnight.
This is a big move down overnight - so as usual - look for a snap back up off the open but be wary that it might just be rebalancing. It may be worth sitting out the first 15-30 mins too.
Plenty of news too- plus an OPEC meeting. So really - what could possibly go wrong today?
Plan
- Range low just below, so watching to see if we break it or hold it. It's just tricky as the bottom is poorly defined.
- careful about initial moves as the US traders open to this 2nd large drop this week
- the meek may want to sit the first 15 minutes out!
Today only - 2603, 2626
Long Term Levels - 2797.50, 2868.75, 2892.75, 2922.50, 2697
คณะไหนดี