Monday Prep


Friday saw a short squeeze away from the balance of the rest of the week, leaving a P shaped profile and a poor high. 


Overnight has held higher prices and the current range is 2287.50-94.25. For the bullish short term bias to remain I would expect the 87-89 zone to hold or there's a risk of some short term liquidation into the 76.75-78.75 zone where I'd expect buyers to step in. The resistance zones above are more short term targets and will be cautious shorting up there until there's more evidence of a change in trend.

Adjusted zones for today below: