36608F – Previous Resistance from call writers from 31/8 and support from PE writers on 1/9.
36800-36900F can be the magnet for this week considering too much option writing happened at these levels any move away might retrace back here.
BNF had a slight positive opening and had selloff again towards VPOC of 1/9 which is a magnet for this expiry. The selloff is influenced by call writers and will be a resistance to watch out.
Notably today is the 4th day of the overlap of value confirming the rangebound action and a test of 36302 is likely tomorrow.
Day is dominated by CE sellers so single print selling area of 36876F holds the key resistance.