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
market’s opening. Therefore, overnight events may alter the
outcome of these observations.
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Not much to look at tonight….
The December Canadian Dollar
(
CDZ0 |
Quote |
Chart |
News |
PowerRating) looks poised to resume its
longer-term downtrend out of a pullback from lows. Look for a shorting
opportunity here.
face=”Arial, Helvetica”>
Volatility Watch
Once again, December coffee
(
KCZ0 |
Quote |
Chart |
News |
PowerRating) remains a low-volatility situation. Watch for a
larger-than-normal move (in either direction) as volatility reverts to its mean.
Best of luck with
your trading on Wednesday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!