Popping Corn

  • July 5, 2002
  • Duke Heberlein

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.

December corn
(
CZ2 |
Quote |
Chart |
News |
PowerRating) rallied out of a two-day pullback and looks as if it
could retest its previous high.

 

 

Live cattle
(
LCQ2 |
Quote |
Chart |
News |
PowerRating) is trading in a low-level cup and
handle, and could be setting up for a move higher.

 

 

Finally, the Euro
(
ECU2 |
Quote |
Chart |
News |
PowerRating) continues to pullback from its
high, while the dollar
(
DXU2 |
Quote |
Chart |
News |
PowerRating) trades in a counter trend rally.

Have a great trading day Monday.

Duke

P.S. Use stops on every trade.