Friday, July 9, 2010

Today in review.

Wheat pulled back slighty, /ES continued on up though slowing down its haste. 

Volume of trading on /ES was lower than the norm, only reaching 1.42MM at this current time for the day.  Being the summer, many people are on vacation and friday being the start of the weekend, I think you can attribute some of that to this.  The Relative Strength Index has slowed down its momentum and is sitting at the midway point with a rounded off top due to the almost neutral day of trading. 

Keep an eye on wheat though, a good entry may be coming up but not before a little more of a pullback.

Enjoy the weekend.

-Krames
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