Beans Poised To Rally
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.
July soybeans
(
SN1 |
Quote |
Chart |
News |
PowerRating) appear to have stabilized after pulling back from
highs. This action suggests that their uptrend remains intact. Look for a buying
opportunity here.
The Dollar still looks like it may have the potential to resume its uptrend
out of a pullback. Considering this and looking to the inverse currencies, the
September Euro
(
ECU1 |
Quote |
Chart |
News |
PowerRating) looks most likely to resume its downtrend out of a
pullback from lows. Look for a shorting opportunity here.
Best of luck with
your trading on Tuesday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!