Gold To Shine?
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
(
GCM1 |
Quote |
Chart |
News |
PowerRating) looks poised to rally out of a three-bar pullback from
highs. Look for a buying
opportunity here.
June natural gas
(
NGM1 |
Quote |
Chart |
News |
PowerRating), mentioned recently, looks poised to continue
its downtrend out of a three-bar pullback from lows. Continue to look for a shorting opportunity here.
July cotton
(
CTN1 |
Quote |
Chart |
News |
PowerRating), mentioned recently, appears to be trying to rally
from life-of-contract lows. For you bottom fishers, continue to look for a buying opportunity here.
Best of luck with
your trading on Tuesday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!