Good morning traders!
4300 continues to be heavy resistance above. We tried again overnight and now we are trading 80 handles lower.
So, while fundamentally there is a whole slew of issues that need to be resolves (interest rates, Russia/Ukraine, inflation, etc), the technical levels are still holding just fine.
I'd hope that continues because it provides pretty solid entries. I'd look for more volatility today, and a 2 way trade.
4300 continues to be heavy resistance above. We tried again overnight and now we are trading 80 handles lower.
So, while fundamentally there is a whole slew of issues that need to be resolves (interest rates, Russia/Ukraine, inflation, etc), the technical levels are still holding just fine.
I'd hope that continues because it provides pretty solid entries. I'd look for more volatility today, and a 2 way trade.