Friday’s Futures Setups
This Little Piggy Traded Higher, This Little
Piggy……
April lean hogs
(
LHJ2 |
Quote |
Chart |
News |
PowerRating) are pulling
back from highs. Today the April hogs touched the 20-day moving average and
closed above it. Lean Hogs have an uptrending ADX number of 26. April lean
hogs are on the
TradingMarkets.com Momentum 5 List.
March pork bellies
(
PBH2 |
Quote |
Chart |
News |
PowerRating)
closed just above the 50% retracement line at 76.05. Bellies have overhead
resistance at 77.
April live cattle
(
LCJ2 |
Quote |
Chart |
News |
PowerRating) rallied out
of the gate and immediately pulled back below its support line at 76.16. April
live cattle is on the
TradingMarkets.com Momentum 5 List.
After pulling back from its highs, March copper
(
HGH2 |
Quote |
Chart |
News |
PowerRating)
broke higher out of its flag pattern to close at 73.70 up .800.
March cocoa
(
CCH2 |
Quote |
Chart |
News |
PowerRating) broke out of an
ascending triangle and is trading above its support level.
|
Contract
|
Setup
|
Direction
|
Trigger
|
| March U.S. dollar ( DXH2 | Quote | Chart | News | PowerRating) |
Pullback From Highs |
UP |
break above 121.00 |
March Cotton ( CTH2 | Quote | Chart | News | PowerRating) |
|
|
break above 38March |
| March Wheat ( WH2 | Quote | Chart | News | PowerRating) |
Triple Bottom | UP |
break above 299 |
| March Swiss franc ( SFH2 | Quote | Chart | News | PowerRating) |
Potential false rally | DOWN |
break below 58.8 |
| March Natural Gas ( NGH2 | Quote | Chart | News | PowerRating) |
Potential False Rally | DOWN |
break below 2.0 |
Please use. protective stops on trades.