Wednesday, March 16 Market Update:
The midnight market fell back to around 116000 from approximately 117700, then rebounded to around 117900, currently hovering around 117600.
The midnight market continued to rise to around 3096, then fell back to around 3028 before rebounding to around 3140.
The daily candlestick shows a shadowy bearish bar, with reduced volume on the rise. Watch for support around 115500-114500, and secondary support around 111500. The four-hour chart shows a bullish reduction in volume. Watch for resistance around 118500-119000, and support around 115200-114700. The hourly level shows increased volume pressure on the rise, with resistance around 118000. Watch for support around 117000-116000.
Morning:
If it pulls back to around 117000-116500, look towards 118500-119000. Conversely, it could drop further.
If it pulls back to around 3115-3090, look towards 3160-3200. Conversely, it could drop further.
