Dollar Still Set Up
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 sold off on Wednesday but recovered to close well. This action
suggests that its uptrend remains intact. The December British Pound
(
BPZ1 |
Quote |
Chart |
News |
PowerRating)
and the Euro
(
ECZ1 |
Quote |
Chart |
News |
PowerRating) look like the most vulnerable inverse currencies.
December unleaded gas
(
HUZ1 |
Quote |
Chart |
News |
PowerRating) still looks like it
might have one more trip to life-of-contract lows left in it.
Best of luck with
your trading on Friday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!
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