Dollar Remains Vulnerable
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.
The Dollar, mentioned Tuesday, still looks poised to make another leg lower.
Therefore, look for buying opportunities in the inverse currencies but focus on
the stronger ones such as the September Swiss Franc
(
SFU1 |
Quote |
Chart |
News |
PowerRating) (mentioned
Tuesday) and the Euro
(
ECU1 |
Quote |
Chart |
News |
PowerRating).
August live cattle
(
LCQ1 |
Quote |
Chart |
News |
PowerRating) continue to retrace from lows but still looks
poised to resume their meltdown. Continue to look for a shorting
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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