We had an OAOR at the open in the first minor auction of the day.
At such times it is useful to go inside and have a look at what buyers and sellers are actually doing.
An OAOR is an exciting open, dull in the beginning but holding lots of promise later in the session as the market advertises equal opportunity for buyers and sellers.
Here's the chart :
The chart above does not show an advantage to either buyers or sellers currently, but it will change as the session goes on.
We see reference points today at 5735 and at 5757-5763 NF Mar.