What’s Breaking Key Resistance
Energies surged higher to break key resistance
levels in today’s trade. April crude oil futures
(
CLJ2 |
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PowerRating) broke above the
24.50 resistance line to close at $25.11 a barrel up .60. April unleaded
gasoline
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HUJ2 |
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PowerRating) broke above the 81.00 resistance line to 83.36 a gain
of 2.46. April heating oil broke above its 66.00 resistance line to end the
session at 66.48 up 1.72.
Stocks ended little changed on Monday as
investors made few moves a day before the Federal Reserve’s policy meeting.
The trading ranges were tight, the volume was lower and the market internals
were mixed ahead Tuesday’s FOMC meeting.
The
June Dow Jones Industrial Average
(
DJM2 |
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PowerRating) lost 36.000 to end at
10581.000
The June Nasdaq 100
(
NDM2 |
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PowerRating) ended positive
up 7.00 10 1511.000
The
June Standard & Poor’s 500 stock index futures
(
SPM2 |
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PowerRating) were
slightly higher by .40 to 1167.200.
Treasury’s rose and the dollar rose higher as
well. June 30 yr Bonds
(
USM2 |
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PowerRating) gained .56 to 99.125. The June 10
year note
(
TYM2 |
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PowerRating) gained .36 to 103.016 and the June U.S. dollar
(
DXM2 |
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PowerRating) added .29 to 117.950.
May soybeans
(
SK2 |
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PowerRating) dropped big today.
Soybeans for May broke below their 464 support level to end at 460.000 a loss of
12.25. May wheat
(
WK2 |
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PowerRating) fell 5.00 to 277.250. May corn rose .500 to
end at 206.250.