The market did indeed trade above the crucial resistances and so were bullish throughout the session yesterday before closing much above our specified resistance in the last post. The tipping point for today is at 6007 with resistances at 6054 and 6082.
On the flip side the immediate support is at 6014, 6000 and 5977.
Our outlook for today is of continued consolidation with optimism. Chart-wise, the market is poised for another move up north.
On the flip side the immediate support is at 6014, 6000 and 5977.
Our outlook for today is of continued consolidation with optimism. Chart-wise, the market is poised for another move up north.
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