Juice Still 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.
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September orange juice
(
OJU0 |
Quote |
Chart |
News |
PowerRating), mentioned Thursday
night, still looks vulnerable. Continue to look for a
possible shorting opportunity here.
width=”470″ height=”320″>
December wheat
(
WZ0 |
Quote |
Chart |
News |
PowerRating) appears to be stalling out in
its rally from life-of-contract lows and looks poised to
challenge those lows. Look for a shorting opportunity here.
The energies imploded on Friday. Going forward, I will
begin to look for setups on the short side.
Best of luck with your trading on Monday!
P.S. Reminder: Protective stops on every trade!