Monday, October 01, 2007

Plan for Turnaround Tuesday Oct 2, 2007


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ES Resistance @1560-1563
ES support @1542-1546, 1529-1534, 1516-1520

Weekly Pivot = 1534

Open gap @1529 (9/25)
Open gap @1490 (9/17)
Open gap @1467 (9/10)
Open gap @1450 (8/28)

Because tomorrow is turnaround Tuesday, I will be on the lookout for a reversal in the high 50's area.

I will look for another overnight trade in the British Pound Futures:

Wheat looks like it needs a little pullback before continuing its relentless run up to $10.

Natural Gas is so thinly traded in the overnight session that I won't touch it tonight, but the chart is sure looking encouraging. There may be a trading opportunity tomorrow if it can get above 7.1:

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