One More Try At Cattle?
Each evening we
focus on the most interesting aspects for the upcoming
trading day. The comments are based on observations of the
nightly updates of the Futures and Market Bias pages. They
are provided for educational purposes only and are not
intended to be direct trading advice. Also, keep in mind
that these remarks are made up to 12 hours in advance of the
markets opening. Therefore, overnight events may alter the
outcome of these observations.
December live cattle
(
LCZ0 |
Quote |
Chart |
News |
PowerRating), mentioned Thursday night, sold off on Friday but was able to bounce
off its lows. Continue to look for a buying opportunity here, but, as always,
wait for follow through to the upside.
face=”Arial, Helvetica”>
Volatility Watch
December coffee
(
KCZ0 |
Quote |
Chart |
News |
PowerRating) remains a low volatility situation.
Continue to watch for a
larger-than-normal move (in either direction) as volatility reverts to its mean.
December gold
(
GCZ0 |
Quote |
Chart |
News |
PowerRating)
also remains a low volatility situation. Continue to watch for a larger-than-normal move (in either direction) as volatility
reverts to its mean.
Looking Ahead
December corn
(
CZ0 |
Quote |
Chart |
News |
PowerRating) has begun
to pull back and may set up over the next few days.
Best of luck with
your trading on Monday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!
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