Still Not So Sweet?
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.
March
sugar
(
SBH1 |
Quote |
Chart |
News |
PowerRating), mentioned recently, still looks poised to resume its
breakdown from a major topping formation. Continue to
look for a shorting opportunity here.
face=”Arial, Helvetica”>
width=”470″ height=”320″>
December
bonds
(
USZ0 |
Quote |
Chart |
News |
PowerRating), mentioned recently, still look vulnerable. Continue to look
for a shorting opportunity here.
Looking Ahead
December
copper
(
HGZ0 |
Quote |
Chart |
News |
PowerRating) appears to be finding support near the area of its last
pullback. This action may form a high level micro double bottom and could
suggests that its uptrend remains intact.
Best of luck with
your trading on Thursday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!