Canadian Dollar Remains Vulnerable
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.
Live cattle
(
LCF1 |
Quote |
Chart |
News |
PowerRating), mentioned recently, still looks like
it has the potential to resume its uptrend. Continue to look for a buying opportunity here.
face=”Arial, Helvetica”>
The December Canadian Dollar
(
CDZ0 |
Quote |
Chart |
News |
PowerRating), mentioned recently, still looks
vulnerable. Continue to look for a shorting opportunity here.
March cocoa
(
CCH1 |
Quote |
Chart |
News |
PowerRating) looks like it might have one more run to
life-of-contract lows left in it. Look for a shorting opportunity here.
Best of luck with
your trading on Monday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!