S50H11 : Weekly close at 700 will do… just.

Closing right on the 700 mark, TFEX Set 50 futures front month contract has key support at Thursday’s low at 694, and as long s this levels holds on a daily closing basis there will be hope for a snap reversal in the current correction wave.

There is further support at 688 then a more substantial base at and very near 680, but with a bit of luck and maybe some good news for a welcome change, a close Friday at 700 or a tad higher will at least be something almost positive for next week.

 

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