Today’s session started with a neutral-to-bullish tone having satisfied the Positive Three-Day Cycle Statistic. Price traded between the 5800 LIS and 5820 initial target, aligning with expectations from the Daily Trade Strategy (DTS) Briefing.

Early upside potential faded when aggressive sellers took control, leading to a breakdown below the 5800 LIS and a test of lower targets, including 5780-5775. Crude oil spiked on geopolitical tensions following reports of a possible Iranian ballistic missile attack on Israel.

As selling pressure mounted, the market saw prices fall to the 5755-5730 target zone outlined in the briefing, with 5730 acting as critical support. After multiple tests, buyers emerged, initiating a rally back to the VWAP at 5767. Despite this, the market remained in a range-bound stalemate for much of the afternoon, with resistance overhead between 5785-5790.

By 2 pm, a bullish counter-offensive lifted prices above VWAP, with options flows shifting bullish. However, despite a $1.1 billion MOC buy imbalance, the market closed near VWAP, absorbing the imbalance as sellers maintained control of the session. The day ended in a deadlock between bulls and bears.

Key levels to watch remain around 5730 on the downside and 5785-5790 as resistance overhead.