Higher Hogs Ahead?
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.
April lean hogs
(
LHJ1 |
Quote |
Chart |
News |
PowerRating)Â closed poorly on
Thursday but they still
look like they have the potential to resume their strong uptrend. Look for
buying opportunities here but wait for a resumption of the longer-term trend.
May copper
(
HGK1 |
Quote |
Chart |
News |
PowerRating) is in its
first pullback since rallying from major lows.
Best of luck with
your trading on Monday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!