Funky may not concur on pure volume/candles signals basis Benox...

Funky may not concur on pure volume/candles signals basis Benox but imo these indicators are relative to the actual statistical relevance of this volume and what we now have on issue.

In other words the tightening of trade in terms of volatility and volume,as mentioned relative to what has been seen in previous weeks at just above 6c, tends to support an emerging technical tightness in CCC.

Now as Funk will tell you,this could break out high OR low.

But its interesting to note that the VWAP has been gradually moving up and taking support with it.We also have a more balanced BUY/SELL depth and its also interesting to take into account that the rising VWAP/support has been occurring with just half the buy relative to the sell.BUT as mentioned we now have a balanced buy/sell depth.

One might say the buyers were previously content to hide and wait for the sellers,but it now seems they have exposed their heads a little more.

Next week MAY be pivotal techincally/fundamentally but that will depend on just how much of the trader volume has been genuinely soaked up by accumulators and that will be born out by what happens with the selling.If sellers stay away(an a retaing basis perhaps) and we see up to the hundred million volumes again.....well Im not going to say it.

d.