Copper Stalls
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.
Trader’s
Galleria has recently added more products. Check it out and pre-order my upcoming book on swing
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December copper
(
HGZ0 |
Quote |
Chart |
News |
PowerRating), mentioned recently, gapped higher but reversed
to close poorly on Tuesday. This suggests its downtrend remains intact. Look
for a shorting opportunity here.
face=”Arial, Helvetica”>
March sugar
(
SBH1 |
Quote |
Chart |
News |
PowerRating) is in day three of a pullback from its recent
meltdown. Look for a shorting opportunitiy here on any resumption of weakness.
The December Swiss Franc
(
SFZ0 |
Quote |
Chart |
News |
PowerRating) is in day three of its pullback from
lows and looks poised to resume its downtrend. Look for a shorting opportunity
here.
Best of luck with
your trading on Wednesday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!