Cheaper Gas Ahead?
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.
August crude
(
CLQ1 |
Quote |
Chart |
News |
PowerRating), mentioned Monday night, still looks poised to
resume its downtrend out of a pullback from lows. Look for a
shorting opportunity here.
August unleaded gas
(
HUQ1 |
Quote |
Chart |
News |
PowerRating) tailed higher on Tuesday but reversed to
close poorly. This action suggests its downtrend remains intact. Look for a
shorting opportunity here.
The September Japanese Yen
(
JYU1 |
Quote |
Chart |
News |
PowerRating) is forming a pullback from lows. Look
for a shorting opportunity here.
Best of luck with
your trading on Wednesday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!