from yday’s note ‘4151 is in play again today – price relative to that level is worth monitoring’. There were two brief rejected probes above that level in Monday’s RTH and one again overnight. BUT the minor Control has now migrated lower close to the Major at 4137, so 4151 is less important as Resistance.
As already said the range of movement is tightening around 4137 and that could mean the major distribution is nearing completion.
ST: If today is relatively quiet again, price could find 4145 attractive.
