Jump to a section in this post:
1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Thursday May 31, 2012
Hello Traders,
Heads up traders! front month for bonds, ten years and other financials is now September.
Front month for gold is August.
June is still front month for indices and currencies.
Mini Russell daily chart for your review below. An attempt to rally off the lows fizzled today and tomorrow can provide some clues for future direction. Tomorrow being the last day in May will provide some longer term traders with a fresh look at the weekly and monthly charts, so the close tomorrow may be significant.
Close below 760 may suggest new lows to follow, close above 780 may signal continued bounce higher.
Trade with patience, trade with discipline and good trading to all.
Daily chart of the mini Russell 2000 Index for your review below for your review:
Continue reading “Long Term Traders to Follow Futures Indices Prices on Last Trading Day of May”