Continuation In Coffee Soon?
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.
May coffee
(
KCK2 |
Quote |
Chart |
News |
PowerRating), mentioned recently, continues to correct, forming its
second inside day in as many days. Begin watching for breakout continuation
here.
Looking Ahead
The June Swiss Franc
(
SFM2 |
Quote |
Chart |
News |
PowerRating), mentioned Wednesday night, broke out on
Thursday. This currency could set up once again on the next pullback, especially
since the Dollar remains vulnerable.
Once again, the April crude complex remains in a strong uptrend and could set up soon on a
pullback.
Best of luck with
your trading on Friday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!