Canadian Cupping
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.
The index futures still look constructive but, so far, have failed to rally
out of low-level cup and handle patterns. Therefore, continue to look for buying
opportunities here but, as always, wait for confirmation before attempting
entries.
The June Canadian Dollar
(
CDM1 |
Quote |
Chart |
News |
PowerRating) is forming a
low-level cup and handle. Look for a buying opportunity here.
Best of luck with
your trading on Tuesday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!