More On Meat
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.
Feeder Cattle
(
FCQ2 |
Quote |
Chart |
News |
PowerRating), mentioned last night, appear to be breaking down
from a slanted triple bottom.
Cotton
(
CTZ2 |
Quote |
Chart |
News |
PowerRating) rallied out of a pullback to a new high. Just
be sure and wait for follow through.
Have a great trading day Monday!
Duke
P.S. Use stops on every trade.