Daily 10/13

[UrmaBlume 10]

No Numbers Today

Lots of Numbers Tomorrow

Export Prices, Import Prices, Retail Sales, Business Inventories

FOMC Minutes

 

AT 2 hours before the open

Overnight price remained below yesterday's high and was supported at 1,068.

Volume was about average with a noted buy bias

 

This shot of the 900,000 contract bar chart shows price finding acceptance in

this "zone of selling"

 

[UrmaBlume 10]

As the maket makes new session lows see the selling reflected by the HUD

 

[UrmaBlume 10]

At almost 3 hours into the session buying around 1,064 has propelled

price to new session highs.

In the Chart below you can see the spikes of intense commercial buying at 0701 & 0725 PST

Volume remains below average and the day bias remains slightly negative

 

[UrmaBlume 10]

Day Summary

Today's price action was bound by the open.

Trade today was on less than average volume, less than average range and with a sell bias.

Net New Trade by commercials was -42,352 contracts.