Good Morning,
The SPI200 March 10 contract made a distributive break higher in the opening phase yesterday, commencing development in a 4556 to 4575 range until a late session rotation lower to close 4535.
In the overnight session the market rotated higher again initially to 4572 and rotation, followed by an initiating buy tail at 4588 that has extended the distribution to close 4596.
The market has closed in the midst of the initiating buy tail and distributing higher.
Key resistance is at 4616, a break opens potential for a rotation into the previous 4616 to 4652 development with key levels at 4635 and 4648.
Key support is at 4589, a break opens potential for a rotation to 4573, and key levels follow at 4652 and 4534.
Resistance: 4599, 4607, 4617, 4622, 4632, 4644, 4652, 4656, 4662
Support: 4594/89, 4581, 4573, 4568, 4562, 4556, 4553, 4546, 4541
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4526 to 4563
Overnight Session Closed 4551 to 4579
Have a good day.
Aliom Pty Limited (ACN 123 876 291 AFSL 323182) does not warrant the accuracy, completeness or correctness of any information herein. In preparing this post, Aliom Pty Limited has not taken into account the investment objectives, financial situation or particular needs of any particular person. Before making an investment decision on the basis of information in this post you should consider whether the information is appropriate in light of your particular investment objectives, financial situation or particular needs. You may wish to consult a licenced advisor or accountant to assist your decision.
The SPI200 March 10 contract made a distributive break higher in the opening phase yesterday, commencing development in a 4556 to 4575 range until a late session rotation lower to close 4535.
In the overnight session the market rotated higher again initially to 4572 and rotation, followed by an initiating buy tail at 4588 that has extended the distribution to close 4596.
The market has closed in the midst of the initiating buy tail and distributing higher.
Key resistance is at 4616, a break opens potential for a rotation into the previous 4616 to 4652 development with key levels at 4635 and 4648.
Key support is at 4589, a break opens potential for a rotation to 4573, and key levels follow at 4652 and 4534.
Resistance: 4599, 4607, 4617, 4622, 4632, 4644, 4652, 4656, 4662
Support: 4594/89, 4581, 4573, 4568, 4562, 4556, 4553, 4546, 4541
Value Area Levels (Source Bloomberg)
Previous SYCOM and Day Session 4526 to 4563
Overnight Session Closed 4551 to 4579
Have a good day.
Aliom Pty Limited (ACN 123 876 291 AFSL 323182) does not warrant the accuracy, completeness or correctness of any information herein. In preparing this post, Aliom Pty Limited has not taken into account the investment objectives, financial situation or particular needs of any particular person. Before making an investment decision on the basis of information in this post you should consider whether the information is appropriate in light of your particular investment objectives, financial situation or particular needs. You may wish to consult a licenced advisor or accountant to assist your decision.