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 saw a clean opening drive at the open on to the upside which was used to sell calls and BNF then went on to retrace to VPOC of 1/9.
Also value from last 3 days is overlapping which is a clean sign of rangebound markets so need to be careful on betting directional at the extremes. Also data also confirms that rangebound action will be in place. Range at play is 36302-37260F