The market has traded above the 949 level, and is trying to stay above this level. However, the market is now below its VWAP line. So, the VWAP line is currently resistance, and 949 is support.
There is a Services Survey Report at 1000 ET, but it is the 1030 ET Petroleum Report that may be more of an influence on the market. Traders will also be watching the 10-Yr Auction at 1300 ET, and the Beige Book plus Treasury Budget Report at 1400 ET.
Switching to the September contract tomorrow.
Charles
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