Juice Looks 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 markets
opening. Therefore, overnight events may alter the outcome
of these observations.
face=”Arial, Helvetica”>Join me, fellow TradingMarkets.com
content providers, and other traders and money managers at
the Trading Markets 2000 conference at the Venetian Hotel
Resort and Casino in Las Vegas on October 13-15, 2000.
At
the time this is being published, the Globex S&P futures
are trading 1 points lower and the bond market is trading
down 4 ticks.
September orange
juice
(
OJU0 |
Quote |
Chart |
News |
PowerRating) appears to be stalling out in its rally
from lows. Look for a possible shorting opportunity here.
width=”470″ height=”320″>
September copper
(
HGU0 |
Quote |
Chart |
News |
PowerRating) appears to be stabilizing after its recent
up-thrusts. Look for a buying opportunity here.
Looking ahead: So
far, the energies, including natural gas, haven’t set up as
shorts, but it sure looks like major tops are being put in.
Best of luck with
your trading on Friday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!