Copper Resuming Uptrend

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.


For you breakout players,  the March Swiss Franc
(
SFH1 |
Quote |
Chart |
News |
PowerRating)
, mentioned recently, broke to new highs on an expansion of range on
Thursday. Continue to look for a buying opportunity here.

March
copper
(
HGH1 |
Quote |
Chart |
News |
PowerRating)
, mentioned Wednesday night, began rallying out of a pullback
on Thursday. Continue to look for a buying opportunity here.

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February pork bellies
(
PBG1 |
Quote |
Chart |
News |
PowerRating)
has pulled back after its
recent sharp uptrend. Look for buying opportunities here on any resumption of
strength.

Looking Ahead

The other meats, are in the early
phases of pulling back and may set up over the next few days.

Best of luck with
your trading on Friday!

face=”Arial, Helvetica”>Dave Landry

P.S. Reminder:
Protective stops on every trade!