The DJIA futures are indicating -15pts open. Last night the index hit a low 12782 which is very close to a good support line. It has broken a gann angle and if it can not head back over this angle there will be further downside tonight or a least some consolidation in the US market.
The average sale price today of ABS has been 142.84c and this is just below the natural market square of 144 and it has been unable to hold above this level meaning it iss now resistance.
The ABS market will probably close around current trading levels 143.5 however if the US takes another hit tonight it may head back down to 137 tomorrow.
I will be waiting to see what happens in the US tonight before making a buy decision on ABS.
The market has not given any sign today of which way it may head
ABS
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