HU, HO Poised To Resume Slide
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.
face=”Arial, Helvetica”>Join me, fellow TradingMarkets.com
content providers, and other traders and money managers at
the Trading Markets 2000 conference at the Venetian Hotel
Resort and Casino in Las Vegas on October 13-15, 2000.
face=”Arial, Helvetica”>At the time this is being published,
the S&P Globex futures are trading up 0.80 points and
the bond market is trading down 1 tick.
September heating
oil
(
HOU0 |
Quote |
Chart |
News |
PowerRating) and unleaded gas
(
HUU0 |
Quote |
Chart |
News |
PowerRating) are in their
first pullbacks from lows since breaking down from
life-of-contract highs. Look for shorting opportunities
here.
width=”470″ height=”320″>
For you breakout
players, September copper
(
HGU0 |
Quote |
Chart |
News |
PowerRating) reversed Wednesday’s
sell-off and rallied to new four-month highs. Look for a
buying opportunity here.
Best of luck with
your trading on Friday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!