We do have acceptation above 37495 and 3742 main pit levels, plus we do have acceptation above 3789 overnight high, but as you correctly said this is a very weak market and I'm expecting too some sort of liquidation. Before to continue any higher. ...

Lock's Cable Corner

Obviously if you will see a test above current poor high 3789 and a failure above it, liquidation is very possible...

Lock's Cable Corner

As I wrote use Pit references to evaluate the situation. We left downside huge weaknesses while at the same time current high is weak and poor as it is poor for the session and weak as it is only an almost tag of Tokyo poor high.. Monthly trend is ...

Lock's Cable Corner

So we got clear acceptation above 37375 and 3758 and we had a balance session. Now for upcoming US sessions note that the main levels are only slightly different: 3742 highest 2021 unch and yesterday pit high 37495. Acceptation above them, can lead ...

Lock's Cable Corner

Pit got acceptation above 3679 and 36985 then it closed 6 pips above 37365... Now, Tokyo managed to test above absolute GB high 3758 (the weak yearly high we was speaking about in the last days): it is the main level for today GB action. Acceptation ...

Lock's Cable Corner

here we are at the gap top: we want acceptation above it after pit open for continuation upside. If not .. ..

Lock's Cable Corner

SO, if we get acceptation above them at pit open we can aim at highest pit unch of current year at 37365. If no acceptation above them we can see a correction again toward 3651 pit Thursday poor low.

Lock's Cable Corner

Major pit levels around here are: 36985 January unch and 3679 Pit 2020 high Note that the low of the gap coincides (almost) with Pit 2020 high

Lock's Cable Corner

3680-37095

Lock's Cable Corner

Also preUS is trading inside a pit gap range: very weak and risky The gap is from Thursday pit high to Friday pit low

Lock's Cable Corner

as you see.... anyhow, overall it is a very weak market

Lock's Cable Corner

poor low taken out...

Lock's Cable Corner

Back at poor low zone (3686-7) as expected: but watch out if you'll see a failure below it.

Lock's Cable Corner

..and btw as you see Friday forcing action upside has been almost entirely corrected as expected...

Lock's Cable Corner

Now 3740 zone plus current yearly high 3758 got to be summed as weak levels. At the same time I do not think current GB low can last for so long as it is a vary ugly poor low. So during current session if poc will move downside odds are in favor for ...

Lock's Cable Corner

I mean, if we will go upside now, we will probably have some correction in the near future. For today monitor for the formation of a possible new pit gap upside from yesterday pit high 3680. If so and if preserved, we can have the continuation.

Lock's Cable Corner

It's possible but, evaluate carefully the situation: we do have 2 back to back poor lows in a row in the last two major sessions, yesterday pit and yesterday GB, plus current structure downside is very ugly. To continue higher you want a clear ...

Lock's Cable Corner

...or even before...

Lock's Cable Corner

We saw GB failing below 36735 and then we got some small correction upside (that can be bigger) but overall this GB session is particularly weak: so expect shake out at news.

Lock's Cable Corner

for serious continuation downside we need acceptation below all of them: 3687, 3686 and 36735.. if not watch out for correction upside.

Lock's Cable Corner