Profile check 24/02

Here is a quick look at the NF march futures chart.

 

On account of expiry yesterday, we have to adjust to a 50 point premium which is the biggest I have seen in months. Never Mind!

 

The Profile structure and Picture remains the same, regardless of the instrument we trade.

 

Mp%20N2 Profile Check 24/02

 

This morning 's move out of the neutral zone has gone to the sellers and it looks at current time ( 11.20) to be a rejection of value from yesterday.

 

The key will be to stay below VAL at 5516 if that is the case.

 

Lower down we are seeing a low volume zone and NF did well to penetrate it once straight down and now seems to be rotating back through it gain.

 

Odds are high that it will auction this low volume zone completely.

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