Review & Plan - Thursday
Yesterday was a narrow range, low volume day which attempted several times to push through the prior day poor high and failed.
The main news overnight has been the ECB rate cut and expansion of their asset buying programme. This has pushed the range higher in Globex from 1986.25-2010.25 currently. It's also rollover day but the volume still remains in March for now, and there's currently a 9 point discount in the June contract.
Zones for today are shown below and includes a custom volume profile of the current range. Prices are holding above the value area high for now. My main expectation is for any dips to get bought today, though would be cautious of longs below the 1982.25-84.50 zone.