Look for futures to trade range bound today
Futures buoyed by the three white soldiers formation and traded higher after broke its resistance of 1545. MACD bullish divergence likely to support buying interest and kept futures trading above the support of 1539. To the upside, resistance pegged at 1552 and thereafter 1558.
An estimationof 85% roll completed so far and today will be the expiry of May11 contract.
Recommended Strategy
Aggressive trade may long with stop on close below 1515.
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