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NCcorntrader
Senior Contributor

Evening Trade 7/4

Happy Independence Day everyone! I hope you have had the opportunity to enjoy the long weekend in this great country.

 

GOD BLESS AMERICA

 

We saw a good amount of buying on Friday but on light volume. Whats to come going forward is of course the big question.

 

1930ET

 

The Sept contract gapped up to around 620 at the open to negate the selling/long covering late Friday. Currently steady at normal volume.

 

** my take ** - a bump up after last weeks sell-off is not unexpected at this point, but to play it properly requires near perfect timing. it may be over a soon as this evening or might last for several days, but anyone long right now has thoughts of another limit down day on their mind. 

 

2105 ET

 

Not much going on, trade on Sept between 619 and 620.

 

2200 ET

 

Sept holding steady at 619 even. Not expecting much change overnight.

 

0745 ET

 

Some decent buying overnight starting at 0400 ET brought the Sept contract up to 625 and change. It has since settled at 623.

 

OUT

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