Canadian Dollar Still 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
markets opening. Therefore, overnight events may alter the
outcome of these observations.
The September Canadian Dollar
(
CDU1 |
Quote |
Chart |
News |
PowerRating), mentioned recently, still looks
vulnerable. Continue to look for a shorting opportunity here.
August lean hogs
(
LHQ1 |
Quote |
Chart |
News |
PowerRating), mentioned recently,
continue to hold up fairly well. This action suggests that they might have one
more stab to life-of-contract highs left in them. Look for a buying opportunity
here.
Volatility Watch
October sugar
(
SBV1 |
Quote |
Chart |
News |
PowerRating) remains a low volatility
situation. Continue watching for a larger-than-normal move (in either direction) as
volatility reverts to its mean.
Once again, September coffee
(
KCU1 |
Quote |
Chart |
News |
PowerRating) is also a low
volatility situation worth watching.
Best of luck with
your trading on Friday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!
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