May 10, 2011

05/10/2011 Session


No trades triggered.

Session low was 12,601; session high was 12,736; settlement price was 12,700.

Orders for 05/11 session:

Buy YMM11 @12,552 with 12,534 stop and 12,588 take-profit.
(Daily S2 support @12,544; daily S1 support @12,622)

Sell YMM11 @12,798 with 12,816 stop and 12,762 take-profit.
(Daily R2 resistance @12,814 and weekly R1 resistance @12,806; daily R1 resistance @12,757)

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

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