Overnight

Quiet trade ahead of FOMC later holding above yesterday's breakdown point for the most part and back within the current range upper distribution.

Little changes in today's zones except that the 64.25-66.00 resistance is now bull/bear support given the inflection point we saw yesterday around 64.25. Pushing back down to yesterday's low will need caution at the 51.25-53.75 zone and assessment of the market state whether sellers are strong enough to break the 49 daily swing low and move to the lower range VPOC at 46.

Above 72.50 there is no hard resistance - the zones above represent the 127.2 and 161.8% extended retracement of the 72.50 high to 53.75 low yesterday, and are purely targets.