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5. Futures Economic Reports for Wednesday August 31, 2016
Hello Traders,
Greetings!
December bonds are now front month for those of you trading bonds, ten years etc.!
December silver and December gold are also the front month!
Tomorrow is the last trading day of the month. Certain markets will experience certain trading behavior on the last trading day of the month.
Bonds are known to make some sharp moves right around 1:30 Central time ( 30 minutes before what used to be the pit close)
Here is a bond chart from last month’s last trading day….Pay attention to the WIDE range during the whole day and the large moves in the last hour!
Also tomorrow is Wednesday. Crude Oil numbers come out.
Here is what Crude did last week….1 minute chart right before and after report came out…
Keep a trading journal! Write notes.
Continue reading “Behavior of Markets Last Trading Day of the Month 8.31.2016”