A Yen For Higher Prices?
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 Japanese yen
(
JYU2 |
Quote |
Chart |
News |
PowerRating) is setting up in a pullback from high after its
thrust higher.
Lean hogs
(
LHQ2 |
Quote |
Chart |
News |
PowerRating) appear to be resuming their downtrend, and
could retest the May/June lows.
Finally, Cocoa
(
CCU2 |
Quote |
Chart |
News |
PowerRating) has closed at the top of its range
for the fourth consecutive session. Momentum players may find it interesting if
it continues to follow through.
Have a great trading day Wednesday!
Duke
P.S. Use stops on every trade.