Dollar Resuming Uptrend
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 recently, appears to be resuming its longer-term
uptrend. Continue to look for shorting opportunities in the
weaker inverse currencies such as the June Japanese Yen
(
JYM1 |
Quote |
Chart |
News |
PowerRating).
June lean hogs
(
LHM1 |
Quote |
Chart |
News |
PowerRating), Monday night, appear to be resuming their
longer-term strong uptrend. Continue to look for a buying opportunities here.
May cotton
(
CTK1 |
Quote |
Chart |
News |
PowerRating), mentioned
recently, still looks like it might have one more trip to life-of-contract lows
left in it. Continue to
look for a shorting opportunity here.
Best of luck with
your trading on Wednesday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!