Bonds Away??
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 bonds (USH1),
mentioned recently, remain a low-level cup and handle.
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Looking Ahead
For you bottom fishers and/or longer-term players, February heating
oil (HOG2)
continues to hover around life-of-contract lows. If this level holds,
it suggests that a longer-term bottom may be in place.
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Best of luck with your
trading on Wednesday!
P.S. Reminder: Protective
stops on every trade!
