Beans Still Set Up?
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.
Although July beans
(
SN2 |
Quote |
Chart |
News |
PowerRating) (mentioned Friday night) gapped lower, they
still look like they have the potential to rally out of a pullback. However,
wait for entries in light of this action.
July silver
(
SIN2 |
Quote |
Chart |
News |
PowerRating), mentioned recently, still looks like it has the
potential to resume its uptrend, especially if it takes out Friday’s pivot high
(Monday’s action sets up a Trend Pivot Pullback).
July cotton
(
CTN2 |
Quote |
Chart |
News |
PowerRating) looks like it has the potential to rally out of a
pullback/big picture cup and handle.
Best of luck with
your trading on Tuesday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!