Gold 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.
June gold
(
GCM2 |
Quote |
Chart |
News |
PowerRating) still looks like it has the potential to break out of a cup
and handle.
Follow Up/Looking Ahead
Once again, April feeder cattle
(
FCJ2 |
Quote |
Chart |
News |
PowerRating), mentioned recently, continue to
implode. If
you have profits here, you might want to lock in a piece. And, once again, the
same goes for April live
cattle
(
LCJ2 |
Quote |
Chart |
News |
PowerRating), also mentioned recently.
April lean hogs
(
LHJ2 |
Quote |
Chart |
News |
PowerRating) continued to implode. We could see setups here
soon on a pullback.
May bellies
(
PBK2 |
Quote |
Chart |
News |
PowerRating) bounced a bit (say that three times fast) and could
set up soon too.
Best of luck with
your trading on Monday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!