Opened at 1098.00 a gap up from yesterdays close of 1092.75. The gap didnt close until 11:40 EST through and a close of 1097.75. Most of the day consisted of sidways action with trades occuring wihtin the bollinger lines. the 1100 ceiling was tested twice and the support of 1092.75 was tested twice as well. Trading tomorrow will need larger sellers or buyers to break both of these support/resistance lines. Tomorrow's news occur mainly premarket time except for crude inventories that will most likely add volatility into the market at 11:00 EST. Look for another test at the 1100 ceiling tomorrow with a break back down to the 1092.75 support as today's volume and sideways action shows buyers are reluctant.
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