Trade Idea
The move higher is mixed and volatile, common in corrective sequences.
Afternoon dips were bought into and follow through bullish momentum resulted in the market moving higher.
Previous resistance located at 57.40.
The overnight dip has been bought into and there is scope for further bullish pressure going into this morning.
News events could adversley affect the short term technical picture.
Preferred trade is to buy on dips.
We look to Buy at 55.50
Stop: 55.00
Target 1: 57.00
Target 2: 57.40
The move higher is mixed and volatile, common in corrective sequences.
Afternoon dips were bought into and follow through bullish momentum resulted in the market moving higher.
Previous resistance located at 57.40.
The overnight dip has been bought into and there is scope for further bullish pressure going into this morning.
News events could adversley affect the short term technical picture.
Preferred trade is to buy on dips.
We look to Buy at 55.50
Stop: 55.00
Target 1: 57.00
Target 2: 57.40
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