05/03/2011 Session

No trades triggered.

Session low was 12,697; session high was 12,790; settlement price was 12,749.

Orders for 05/04 session:

Buy YMM11 @12,652 with 12,634 stop and 12,688 take-profit.

(Weekly Pivot Point @12,647 and daily S2 support @12,652; daily S1 support @12,701)

Sell YMM11 @12,898 with 12,916 stop and 12,862 take-profit.

(Weekly R1 resistance @12,905; daily R2 resistance @12,838)

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