Thursday, 29 February 2024

Thursday, 29 February 2024

Feb 29, 2024

The ALSI tagged first resistance of 66650 at the open of yesterday's session and took a dive from there, closing the 66080 gap and breaking through major support and previous month low. Today it will be all about regaining 66043 else we could see a continued slide down to next support.

Things to note: Important US PCE data out today at 15h30, both 1hr&4hr RSI in oversold territory.

  • Supports: 65630/65400/65170

  • Resistance: 66043/66200/66750

  • Day Pivot: 66030

  • all levels are based off the futures market.

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