DailyGraph

Below is a 5min chart portraying the trade action for the JUL15WMAZ contract over the past week. The contract tested the R2880/85 resistance levels throughout the week but was unable to break higher. To the bottom it seems support either held at R2860 or eventually at R2840. Parity this morning is currently down between R5 – R10 which could see us just dip below the R2840 momentarily. Would the contract price be able to climb back higher or could we see a pullback in price. Next support is R2820 and R2800 with resistance at R2860 and R2880

Done