Heating Oil Still Vulnerable
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
market’s opening. Therefore, overnight events may alter the
outcome of these observations.
February heating oil
(
HOG1 |
Quote |
Chart |
News |
PowerRating), mentioned
recently, still looks poised to resume its downtrend out of a pullback
from lows. Look for a shorting opportunity here.face=”Arial, Helvetica”>
March cotton
(
CTH1 |
Quote |
Chart |
News |
PowerRating) appears to be
stalling out in its pullback from lows. 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!
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