Dec. 19, 2006 — AvidTrader.com covers a wide variety of futures markets each session, throughout the day. Scroll down for today's free look and for a free two-week trial.
Euro “EC” (Dec)
Coverage for Dec. 19[COVERAGE HAS ROLLED TO MARCH EXPIRATION] Monday's open gapped up in a downtrend, reversed down to new trend lows intraday, and then recovered to close positive. Had the close been above the open's peak, then a bullish "Pivot Reversal" would have formed. The setup could still form by proxy if Tuesday's session were to trade exclusively above Monday's range. Otherwise, lower lows remain in-play.Resistance: 1.3235 and 1.3295 Support: 1.3150 and 1.3080
British Pound “BP” (Dec)
Coverage for Dec. 19[COVERAGE HAS ROLLED TO MARCH EXPIRATION] Monday's open extended last week's decline to lower lows. Although the afternoon bounce recovered much of the morning's loss, it didn't recover ALL of the morning's loss, so there is no rally signal.Resistance: 1.9575 and 1.9665Support: 1.9470 and 1.9445
Swiss Franc “SF” (Jan)
Coverage for Dec. 19[COVERAGE HAS ROLLED TO MARCH EXPIRATION] Monday's open gapped up in a downtrend, reversed down to new trend lows intraday, and then recovered to close positive. Had the close been above the open's peak, then a bullish "Pivot Reversal" would have formed. The setup could still form by proxy if Tuesday's session were to trade exclusively above Monday's range. Otherwise, lower lows remain in-play.Resistance: .8280 and .8330Support: .8165 and .8115
Japanese Yen “JY” (Dec)
Coverage for Dec. 19[COVERAGE HAS ROLLED TO MARCH EXPIRATION] Despite gapping up at Monday's open, a quick reversal into negative territory retested last week's low. The balance of the afternoon ranged narrowly in negative territory, but there is no signal that the decline is either slowing or reversing up.Resistance: .8620 and .8640Support: .8570 and .8542
Australian Dollar “AD” (Dec)
Coverage for Dec. 19[COVERAGE HAS ROLLED TO MARCH EXPIRATION] Monday afternoon's bounce recovered 61.8% of the opening drop. This is natural resistance, and there is no requirement to extend the recovery much further or much longer before resuming the decline to sharply lower lows.Resistance: .7820 and .7880Support: .7715 and .7600
Canadian Dollar “CD” (Dec)
Coverage for Dec. 19[COVERAGE HAS ROLLED TO MARCH EXPIRATION] A corrective bounce had room to .8775 while still being expected to resolve in new lows. Monday's gap up attacked .8695 before reversing down to fill the gap back to Friday's close. A break above Monday's high would put into play a test of the bounce limit.Resistance: .8680 and .8715Support: .8620 and .8580
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