As is our expectation on most days, DP was tested yesterday on the back of early morning News. Outside of the News, there was simply no market so, despite our hunger for pips, there was only a 30 pip range from which to pluck some as PA stuck like glue to DCZ 1.2645. Clearly that’s virtually a Mission Impossible so we stayed flat, leaving our relatively quiet week standing at 1:1.
Technical Analysis
A little surprising that the Bears didn’t go on with the job after the Flag broke on Wednesday – perhaps they could smell a picnic basket?
The Day Ahead
Celebrations for me as my monthly luncheon with old workmates takes place. Enjoy your weekend and we’ll see you next week.
No-one looks back on their life and remembers the nights they got plenty of sleep!
Geoff Pyne
CERTIFIED TRADER
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