Subdued start to the trading week after the whippy post-payrolls activity on Friday. These are the occasions where our S&R % barriers usually play ball.
And price has bounced nicely off the R1 zone this morning with accompanying rejection of the 4hr mov avg line.
No interest shown in the UK PPI data, & price has sniffed our support zones where it's now resting before deciding whether to re-engage the downside towards the next Fib (38%) line from the recent move up off 8830.
One or two snippets of Data to hurdle this week on both sides of the pond, before the volumes begin to noticeably dry up due to book balancing/year end lethargy
