Corn In Weak Position

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.


March corn
(
CH1 |
Quote |
Chart |
News |
PowerRating)
, mentioned
recently, looks poised to make another leg lower. Look for a shorting
opportunity here.

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March unleaded gas
(
HUH1 |
Quote |
Chart |
News |
PowerRating)
,
mentioned recently, looks like it has the potential to resume its uptrend out of
a "micro" cup and handle. Continue to look for a buying opportunity here.

The VIX continued its reversal from relatively
low levels on Thursday. Continue to look for shorting opportunities in the index futures.

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Best of luck with
your trading on Friday!

face=”Arial, Helvetica”>Dave Landry

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

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