Tuesday, 27 March 2012

Afternoon update

Latest update: Local FKLI is closed.

US has traded back to range.. Not much movement in anticipation of the Consumer Confidence report tonight.

Careful being in a position as the report may pack a punch.

Will update day summary after Fcpo closes.

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Latest update: 4.20pm

Cme grains starting to break up from range also.

Dow/s&p500 futures also break up to new highs..

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Latest update: 3.48pm

Price have tested our upper target of 3492 for Fcpo.

If you are day trading, this may be a good place to take a portion of your profit.

Trade safe.

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FLKI is just trading within a small range after gapping up this morning.

First session:

Open: 1590.5
Low: 1588.5
High: 1592.5
Lunch close: 1591

The Dow/s&p500 futures have yet to break up nor down from their flag pattern on their high range..

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FCPO:

Cme grains are still trading at the same range since this morning.. I will post again when there is a break out either side later..

FCPO first session:

Open: 3451
Low: 3450
High: 3467
Lunch close: 3467

Trade safe!

Regards,
Tech Trader

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