Radio not, here we go. SPI futures traded in a 72 point range last night, high being 5787, low being 5715, with a close this morning of 5774, up 33 points on volume of 13,489 (half the previous night) contracts. Based on that move, my high resistance line is 5831, low support line is 5687, with the pivot point at 5759. Last night was almost a normal trading session, filling the days unfilled gaps after the close of the day session, but with the exception that initially, SPI failed to recognize the US market rises during the night, then she took off leaving gaps behind, then she fell off a 25 point cliff to close all the gaps just before the close, and then went back up again. Other than that, it was pretty normal boring stuff. Only one gap left from last night, and that is at 5773. There are previous unfilled gaps on the high and the low side, but I don't want to influence anybody so won't mention them unless asked. The lines on the chart are the gaps that filled, and the arrow is the unfilled one, and yes, it is unusual to not have many gaps left after the nights session.... SPI is indicating XJO to be up just 7 points, unless that backwardation has changed again... humm. Cheers and have a nice day.
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Radio not, here we go. SPI futures traded in a 72 point range...
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