Crude Commentary
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.
There’s not too much to look at tonight (Friday). Corn, mentioned recently,
continued its slide on Friday and is now very oversold. Bonds appear to have
rolled over, but so far, haven’t offered an entry. Most other contracts are
either extended or choppy.March crude
(
CLH1 |
Quote |
Chart |
News |
PowerRating) began rallying out of a pullback on Friday. Look for
a buying opportunity here.face=”Arial, Helvetica”> src=”https://tradingmarkets.com/media/images/Landry2/cl012601.gif” width=”470″ height=”320″>
Best of luck with
your trading on Monday!face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!
src=”https://tradingmarkets.com/media/images/Landry/land-dlst.jpg” width=”94″ height=”132″>