trading- 2 july 10.30am, page-16

Here's my short term NEN outlook thru to end of week (free with every purchase).

Unless we get some solid numbers building at 24.5c overnight to support the sp at 25c, then I would expect a drop tomorrow to 24c - unless the US does something spectacular overnight or there's an ann.

Failing that, a healthy strong consolidation at 24-24.5c would bode well to launch a move through the 25c road block.

However, with the 4 July holiday in the US this Thursday it could result in a more subdued/lo vol ASX, possibly trading down both Thurs & Fri.

So I would not be surprised to see the week ending with the sp hovering around 24-24.5c

wadayareckon? anybody got some other ideas?