Canadian Dollar 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
market’s opening. Therefore, overnight events may alter the
outcome of these observations.
The March Canadian Dollar
(
CDH1 |
Quote |
Chart |
News |
PowerRating) looks like it has the potential to
rally out of a pullback from highs. Look for a buying opportunity here.face=”Arial, Helvetica”>
For you breakout players, January feeder cattle
(
FCF1 |
Quote |
Chart |
News |
PowerRating) formed a bullish
outside day at new highs on Wednesday. Look for a buying
opportunity here.
February live cattle
(
LCG1 |
Quote |
Chart |
News |
PowerRating) is in day two of a pullback from highs and
has found support near the area of its recent breakout. This suggests that its
uptrend remains intact. Look for a buying opportunity here.
Best of luck with
your trading on Thursday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!