Back To Old Lows In Corn?
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.
July corn
(
CN1 |
Quote |
Chart |
News |
PowerRating) appears to be stalling out in its rally from
life-of-contract lows. This suggests that it might have one more trip back to
those lows left in it. Look for a shorting opportunity here.
Looking Ahead
June lean hogs
(
LHM1 |
Quote |
Chart |
News |
PowerRating) remain vulnerable and may set up as a short over
the next few days.
July sugar
(
SBN1 |
Quote |
Chart |
News |
PowerRating) is in melt up mode and may set up as a long on its
first pullback.
June bonds
(
USM1 |
Quote |
Chart |
News |
PowerRating) are pulling back from lows and may set up as a short
over the next few days.
Best of luck with
your trading on Friday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!