Trading plan for July 10, 2012
ESU2 Daily Chart
Daily 20 and 40 ema line crossing at 1339.25-38.50 range will act as first support. So far a “buying signal” at 1337.50-38.50 area on the daily chart remains intact as long as 1335 level holds up.
Yesterday volume was decreasing on the declining side. The correction from top 1375 level could end today or tomorrow and one more upside push should be expected.
In the early morning the industrial production report for the European countries will set the tone for for our market open.
Members, download the file to see the trading strategy for Tuesday.
Date Added: 2012-07-09 19:50:11