Beans Still Toppy
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.
There’s not too much to look at tonight. Use
caution if you trade as trading will likely be thin.
November soybeans
(
SX1 |
Quote |
Chart |
News |
PowerRating) mentioned recently, still look poised to break down out of a topping formation.
They may also set up as a low volatility situation. Continue to look for a
shorting opportunity here.

Follow Up
The currencies and indices, longs and shorts respectively, continued to follow
through. If you have profits here, you might want to lock in a piece.
Best of luck with
your trading on Friday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!
src=”https://tradingmarkets.com/media/images/Landry/land-dlst.jpg” width=”94″ height=”132″>