Grain Elevator
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.
Soybean Meal
(
SMN2 |
Quote |
Chart |
News |
PowerRating) is staging a breakout on an expansion of its daily
range.
Meanwhile Soybeans
(
SN2 |
Quote |
Chart |
News |
PowerRating) continue to rise out of an apparent
head and shoulders failure.
Finally, the index futures may present a buying opportunity for
daytraders, as we have several new CVR buy signals tonight, and are in oversold
territory.
Have a great trading day Thursday!
Duke
P.S. Use stops on every trade.