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.
March crude
(
CLH1 |
Quote |
Chart |
News |
PowerRating) appears to have stabilized after pulling back to the
area of its recent breakout (a). This suggests that its uptrend remains
intact. March unleaded
(
HUH1 |
Quote |
Chart |
News |
PowerRating) is a similar pattern. Look for a buying
opportunities here.
Yet again, March corn
(
CH1 |
Quote |
Chart |
News |
PowerRating), remains vulnerable. Continue to look for a
shorting opportunity here.
Looking Ahead
March coffee
(
KCH1 |
Quote |
Chart |
News |
PowerRating) continues to
hold up fairly well near life-of-contract lows. Again, no setups yet, but possibly a
big picture pattern in the works.
Best of luck with
your trading on Wednesday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!