Another Stab At Pigs?
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.
Lean hogs (LHQ1),
mentioned recently, continue to hold up fairly well in spite of
their recent sharp correction. This action suggests that its uptrend
may still remain intact. Look for a buying opportunity here, but wait
for signs of strength.
October sugar (SBV1),
mentioned recently, still looks vulnerable. Look for a shorting
opportunity here on signs of a breakdown.
Looking Ahead
August soybeans (SQ1)
are in a runaway move and may set up on the first pullback.
Best
of luck with your trading on Friday!
P.S. Reminder: Protective
stops on every trade!
