Depth looks fine at my end so could open higher (early days yet though). It wouldn't surprise me though if a big seller appears to take out the bids and lock in some profits. Recent downward pressure is no doubt worrying a few punters!
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I doubt that the seller(s) have yet gone away satisfied. Looking for a bigger battle around 120 sometime today.
Opens with buyers at 120cps. Where has all the hot air gone? will have to light the woodburner if this keeps up - never mind, TEL looks like it will pay for my beer and skittles in the immediate future.
Some of those waiting at 1.20 and 1.21 may decide to but at 1.30 if they think the worm has turned.
There are big funds from o'seas sitting with brokers, brokers trying to scare the faint hearted with drop in price to indulge in themselves and selling at a higher price to dark pools.
.....looking like resistance at 129/130.......might be it for the day??
And there goes 1.30 :)