Copper Poised To Rally
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.
December copper
(
HGZ0 |
Quote |
Chart |
News |
PowerRating) continues to pull back from
life-of-contract highs. Continue looking for a buying opportunity here.
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December wheat
(
WZ0 |
Quote |
Chart |
News |
PowerRating) gapped to life-of-contract lows but reversed to close well. This may
have trapped the breakout players on the wrong side of the market. Look for a
buying opportunity here.
Looking ahead,
December
bonds
(
USZ0 |
Quote |
Chart |
News |
PowerRating) appear to have rolled over. They may set up as a shorting
opportunity over the next few days.
October
sugar
(
SBV0 |
Quote |
Chart |
News |
PowerRating), mentioned recently, has formed a rounded top. It may set up
as a shorting opportunity over the next few days.
Best of luck with
your trading on Tuesday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!