The ALSI opened up 120 points this morning and is currently trading at 24580. There is some resistance at 24600. If it breaks out of 24600, we can see it trading significantly higher.News that could influence the market today is the British CPI out at 10:00 and PPI and Building permits out of the US at 14:30. A low CPI figure could awaken deflationary fears.
Overall volume remains subdued and indicates uncertainty in the market.
Safe trading.
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