31
May
Friday temporary post
Our apologies. Friday's post has been delayed due to technical issues. We are working to resolve the problem.
31
May
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S&P Areas of Interest 5/31 9AM ES 1645
Notes….Market trading out of balance in range above 1633.25. Minor CLVN resistance at 1652.75 and 1666.25, 1633.50 support. Demand volume and breadth supportive intermediate and long term. Sectors supportive. June POMO schedule out today . $USD trading flat below resistance at 83.50. Bonds firming. Extreme volatility YEN/JPY markets.
Thoughts ……..Short term aimless drift with 1656.25 CHVN the most likely volume pivot/magnet…Market still seeking balance above 1633.50 with weak market structure in either direction. Expecting dips to be bought above 1633.50 with near resistance at 1652.75 and far at 1660.50. Bulls can regain control above 1656.25 Long term up trend intact.
Glossary http://www.futurestrader71.com/?page_id=1280
1666 Minor CHVN/Last week’s volume pivot
1660.50 Minor CLVN/Resistance
1656.25 Minor CHVN
1652.75 Minor CLVN/Resistance
1646.75 Minor CHVN
1633 Minor CLVN/Support
SP500 Futures/ Short Term
http://www.charthub.com/images/2013/05/31/ES_Master_1305310522.png
$USD
http://www.charthub.com/images/2013/05/31/DXY_Master_1305310532.png
May 31st, 2013 at 7:58 amCrude Oil continues to trade in balance at the major long term acceptance level at 93 waiting next catalyst
http://www.charthub.com/images/2013/05/31/Crude_Oil_Multi_Period_1305310600.png
May 31st, 2013 at 8:03 amBDI continues to do nothing at 809
Brent/WTI at 8.7
TYX at 3.263
May 31st, 2013 at 8:05 amNat Gas short term oversold above defined support. Volume pivot at 4.21. Long term demand volume positive.
http://www.charthub.com/images/2013/05/31/NG_Master_1305310605.png
May 31st, 2013 at 8:06 amWe have the new Friday post partially posted. Please click the top of the post to post comments under that post. Apologies, we are still working to correct our issues.
May 31st, 2013 at 8:07 amHere is the link to the Friday post
May 31st, 2013 at 8:08 amhttp://zmansenergybrain.com/2013/05/31/opec-friday-in-progress/
May 31st, 2013 at 8:18 amCRZO oversold in 10 day range with defined support at 26.20 and quarterly/monthly volume acceptance higher at 27.
http://www.charthub.com/images/2013/05/31/Stock_Master390_1305310623.png
May 31st, 2013 at 8:25 amZorg – Please switch over to today's post
May 31st, 2013 at 8:26 am