Corn Remains Strong
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.
The December corn
(
CZ0 |
Quote |
Chart |
News |
PowerRating), mentioned recently, has now formed a Bow
Tie pattern. Look for a buying opportunity here.
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October (or if you prefer December) Lean hogs
(
LHV0 |
Quote |
Chart |
News |
PowerRating),
mentioned Thursday night, still look like they have potential to resume their
uptrend from major lows. Continue to look for a buying opportunity here.
The December Canadian Dollar
(
CDZ0 |
Quote |
Chart |
News |
PowerRating) appears to be stalling out in its
rally from lows. Look for a shorting opportunity here.
Best of luck with
your trading on Friday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!