Trading opened today at 1013.75, 7 points up from yesterday's 1006.75 close. The morning gave us yet another quick touch to our bottom (1010.50), then consolidated until 10am. Better than 40,000 contracts in a minute would give prices the push they needed to break through resistance and fly to new highs.
After this push however, prices consolidated again in a tight 2.5 point range piercing a couple times but not getting the steam required to move again until after the 3 o'clock hour. We hit our high of 1027.00 in the last 30 min of trading today, then relaxed to a record close for '09 at 1025.50.
Our trading range today was a decent 15.25 points, although most of it occurred in a very small part of the day. Blink and you could have missed it! Today's gap as yesterday's, was left behind unfilled at 1006.75.
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