Cattle Run?
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.
In the meats, feeder cattle
(
FCQ2 |
Quote |
Chart |
News |
PowerRating) appear to be forming a low level cup
and handle.
And soybeans
(
SN2 |
Quote |
Chart |
News |
PowerRating) appear to be melting down out of a head
and shoulders.
Have a great trading day Friday!
Duke
P.S. Use stops on every trade.