Monday, September 13, 2010

Daily Framework

Here is a 30 minute chart of the September contract (click to enlarge, chart courtesy of SaxoBank):

I still use the September contract for support/resistance levels because there are old ones that are not available on the December contract. I have highlighted the main areas of interest for today: for support 1115 and for resistance 1121.75. Depending on where the market opens, an important level is also 1119.

I will use these levels to exit my longs today after a rally into one of them.

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