A good day today but I felt it could have been better.
We did similar volumes as last few days and gained 2 pips to finish on 5.3. I like the finish on 5.3 and touch of 5.6, but was hoping we could finish at 5.6.
There was strong buying towards that. But it is clear that some do not want this to go higher or just want to exit. Because they are selling into the bid even when the buy was happening.
MLS is trading at near the lows of its range, so not sure why this is happening. It was similar to yesterday when we were pushed down. But today we still managed to stay ahead. I feel those sellers will dry up soon, another few days so either they will be out or realise its to better to wait for bigger gains. Lets see, markets have to behave as well. All the best.
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