Canadian Dollar 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),
mentioned Tuesday night, is now setting up as a Bow Tie. Continue to
look for a shorting opportunity here.
Volatility Watch
October sugar (SBV1)
is now a low-volatility
situation. Begin watching for a larger-than-normal move (in either
direction) as volatility reverts to its mean.
September coffee (KCU1)
is also a low–volatility
situation that may be worth watching.
Best
of luck with your trading on Wednesday!
P.S. Reminder: Protective
stops on every trade!
