Euro-centric?
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 currencies are setting up in pullbacks from their recent highs. Contracts
such as the Euro
(
ECU2 |
Quote |
Chart |
News |
PowerRating) may prove interesting.
Cocoa
(
CCU2 |
Quote |
Chart |
News |
PowerRating) continues to go parabolic. Momentum players
could play this one on a daytrade (wait for follow through), or better yet, wait
for a pullback.
Finally, sugar
(
SBV2 |
Quote |
Chart |
News |
PowerRating) is breaking out on an expansion of
range.
Have a great trading day Wednesday!
Duke
P.S. Use stops on every trade.