Copper To Head Higher?
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 copper
(
HGN1 |
Quote |
Chart |
News |
PowerRating) looks like it has the potential to rally out of its
first pullback since its recent melt-up from life-of-contract lows. Look for a
buying opportunity here.
July crude oil
(
CLN1 |
Quote |
Chart |
News |
PowerRating) is forming a shallow
pullback on the right side of a very large cup formation. Look for a buying
opportunity here.
July beans
(
SN1 |
Quote |
Chart |
News |
PowerRating), mentioned Tuesday, still look like they have the
potential to rally out of an inverted head and
shoulders bottom/pullback. Continue to look for a buying opportunity here.
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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