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.
July unleaded gas
(
HUN1 |
Quote |
Chart |
News |
PowerRating) looks poised to resume its downtrend out of a
Bow Tie. Look for a shorting opportunity here.
August feeder cattle
(
FCQ1 |
Quote |
Chart |
News |
PowerRating) and live cattle
(
LCQ1 |
Quote |
Chart |
News |
PowerRating), both mentioned recently, still look like they have the potential to
resume their strong uptrends.
Continue to look for a buying opportunities here.
Best of luck with
your trading on Tuesday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!