A quiet day in progress as US pit sessions will be closed for President’s Day. Both markets will be trading normal hours electronically but with reduced activity.
CLH9 is trading unchanged despite news that Japan’s economy contracted by the most since 1974 and the Nikkei slumped to a 26 year low.
Sup: 3500 3328
Res: 3850 4055 4220
GCJ9 traded sideways Friday after the strong rally during the week. A stronger dollar should cap the upside for now. Any correction however should meet new demand as market is very focused on a $1,000 target. How EURUSD is going to cope with the important 1,2700 area could decide the direction for the day.
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