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THEWIZARD :
If situations in Middle East don't escalate, probably a small bounce first, during early week, followed by a deeper pullback. Some buying supports might step in around 4700 levels, BUT the small bounce most probably has to happen first. Also depends on how the Major Market Makers need the price levels to fluctuate in between, depending on their nett exposure to the Puts and Calls Options that they sold. #DYODD# #All Trade Carry Risks#
THEWIZARD : If situations in Middle East don't escalate, probably a small bounce first, during early week, followed by a deeper pullback.
Some buying supports might step in around 4700 levels, BUT the small bounce most probably has to happen first.
Also depends on how the Major Market Makers need the price levels to fluctuate in between, depending on their nett exposure to the Puts and Calls Options that they sold.
#DYODD#
#All Trade Carry Risks#