Tuesday, 2 June 2015

3pm update - resistance still holds

Declining trend/resistance has held at sp'2117, and the day is playing out very similar to Monday afternoon. There is renewed opportunity for weakness into the close. USD remains weak, -1.6%. Gold +$4. Oil has held sig' gains of 1.7%.




A net daily decline would be pretty useful for the bears... although a sub' 2100 close looks out of range.

notable strength: BTU +11%.. although 11% of a small price (having collapsed) still makes for a low price.
Eyes to the VIX... +2% in the low 14s....