Canadian Dollar Vulnerable

  • November 27, 2000
  • Dave Landry

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
market’s opening. Therefore, overnight events may alter the
outcome of these observations.

Special thanks to Duke Heberlein
for filling in while I was away.

The December Canadian Dollar
(
CDZ |
Quote |
Chart |
News |
PowerRating) appears to be stalling
out in its rally from lows. Look for a shorting opportunity here.

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src=”https://tradingmarkets.com/media/images/Landry/cd112700.gif” width=”470″ height=”320″>

January heating oil
(
HOF1 |
Quote |
Chart |
News |
PowerRating) was able to close fairly well in spite of
gapping lower on Monday’s open. This action suggests that its uptrend remains
intact. Look for a buying opportunity here.

The December Nasdaq 100 futures
(
NDZ0 |
Quote |
Chart |
News |
PowerRating) gapped higher on Monday’s open but reversed to close poorly. This
suggests that its downtrend remains intact. Look for a shorting opportunity
here.

Best of luck with
your trading on Tuesday!

face=”Arial, Helvetica”>Dave Landry

P.S. Reminder:
Protective stops on every trade!