Continue To Wait For Setups
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.
There’s not too much to look at again tonight (Wednesday). You might want to
avoid the financial and currency markets until the volatility dampens a bit and
for them to set up.
March soybeans
(
SH1 |
Quote |
Chart |
News |
PowerRating) gapped lower on the open but reversed to close well.
This action suggests that its uptrend remains intact. Look for a buying
opportunity here.
March corn
(
CH1 |
Quote |
Chart |
News |
PowerRating) rallied nicely on Wednesday (a) reversing much of
Tuesday’s sell-off (b). This action suggests that its uptrend remains intact.
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Best of luck with
your trading on Thursday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!
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