Chart, page-11930

Frustrating as it is to watch BRN prices each day. Open 1-2 pips higher, drift lower and close at previous close price - rinse and repeat each day.

Trading strategy that works to get a few pips:
#1 Buy at close each day, sell at open next day.
#2 Short at open and close the short end of day.

Where did all these shorts come from, they must have some big insto in the background supporting.

Very dry with news lately, and hence SP reflects market sentiment.

I do hope 42c hold. My feel is that the bounce across the broader market from the last 2-3 days are reprieve/dead cat bounce, before bigger event to unfold over the next few weeks leading to Oct which generally is a bad month when correction happens. Evergrande is only the tip of the iceberg amongst many developers in China. I won't be surprise to start seeing some other developers and related companies starting to come out of the wood works. Check out a few previous correction where the first leg down is followed by a sharp V-shape return before it resume Wave C down again.