Beans And Corn Vulnerable
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.
March corn
(
CH1 |
Quote |
Chart |
News |
PowerRating), mentioned
recently, still looks like it has the potential to resume its strong
downtrend. Look for a shorting opportunity here.
face=”Arial, Helvetica”>
March beans
(
SH1 |
Quote |
Chart |
News |
PowerRating) formed a bearish
outside day down on Monday. This suggests their downtrend remains intact. Look
for a shorting opportunity here.
Looking Ahead
March coffee
(
KCH1 |
Quote |
Chart |
News |
PowerRating) appears to be
finding support near life-of-contract lows. This suggests that it may be trying
to put in a double bottom.
Best of luck with
your trading on Tuesday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!