British Cookin’ Soup
Marc Dupee will be out of the
office until October 9. In his absence, this column is being written by
TradersWire’s Duke Heberlein.
The British pound
(
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PowerRating) is setting up into a
potential Turtle
Soup Plus One Sell signal, as it has made a new 20-day high and is down in
Monday’s trading, losing .0068 to 1.4702. Traders will be on the lookout for the
currency to trade under Friday’s low.
Corn
(
CZ0 |
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PowerRating) off the Momentum-5
List and mentioned by David Landry in his “Futures Trading Outlook,” is up 1
1/2 to 199 1/4. It is trading in an outside day at its three-month highs,
appearing to rally off a major bottom and nearing a breakout above triple tops.
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Finally, natural
gas
(
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PowerRating), from the Pullback
From Highs List, has not traded above Friday’s high, but is still setting
up. It is now up .109 at 5.295.