Coffee And Sugar?
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 sugar
(
SBN1 |
Quote |
Chart |
News |
PowerRating) looks poised to resume its strong
up trend out of a
flag formation. Look for a buying
opportunity here.
July coffee
(
KCN1 |
Quote |
Chart |
News |
PowerRating) traded lower earlier in the day but reversed to
close well. This action suggests that its poised to resume its sharp up trend from life-of-contract lows. Look for a buying opportunity here.
Looking Ahead
July cotton
(
CTN1 |
Quote |
Chart |
News |
PowerRating) continues to probe life-of-contract lows. For the
bottom fishers, this may set up as a buying opportunity soon.
Best of luck with
your trading on Friday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!