03/24/2011 Session

One trade:

Sold YMM11 @12,098, covered @12,062; P&L: 36 points.

Session low was 12,003; session high was 12,128; settlement price was 12,116.

Orders for 03/25 session:

Buy YMM11 @12,052 with 12,034 stop and 12,074 take-profit.

(Daily S1 support @12,037 and weekly R1 resistance @12,045; daily Pivot Point @12,082)

Sell YMM11 @12,198 with 12,216 stop and 12,076 take-profit.

(Daily R2 resistance @12,207; daily R1 resistance @12,162)

[ For some background and a disclaimer, please read this post and especially this post. ]