Opening notes  Update   23.06.25

Opening notes Update 23.06.25

By Dr C K Narayan

June 23, 2025

Brent has jumped up and past a swing high. moves above $80 will bring in nervousness into world markets. US futures a bit flat. DXY tentative around 99. So, it seems like the global indicators are waiting it out a bit, perhaps to see what Iran does?
At home, expected gaps down; but NF continues below the opening bar while BNF is stalled there so far but seems likely to follow the pathway set by the NF. So short term pressure right off the start. Seems like the extra longs created on Friday are being unwound. This may continue for a while, till some extra positions are unwound.

Unless Brent data worsens or Dow futures fall further or some newsflow emerges, we may probably spend the rest of the day ekeing out some sideways price action with a down bias.

  • Insight
    SENTIMENT IS BIASED BULLISH ON FRIDAY 23.06.25
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