Monday’s Futures Setups
The index futures have rallied for the second straight day.
Nimble traders can play the rally to the long side, or go short on an intraday
pattern if we see a reversal.
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Possible
short candidates:
Contract |
Setup |
Direction |
Trigger |
Corn ( CZ2 | Quote | Chart | News | PowerRating) |
Momentum |
down | Trade below 246 1/2 |
Soybeans ( SX2 | Quote | Chart | News | PowerRating) |
Counter trend rally |
down | Trade below 528 |
Soymeal ( SMZ2 | Quote | Chart | News | PowerRating) |
Counter trend rally |
down | Trade below 166.30 |
Canadian Dollar ( CDZ2 | Quote | Chart | News | PowerRating) |
Counter trend rally | down | Trade below .6276 |
Possible
long candidates:
Contract |
Setup |
Direction |
Trigger |
Pork Bellies ( PBG3 | Quote | Chart | News | PowerRating) |
Continuation out of pullback to 20-day MAÂ Â | up | Trade above 75.05 |
Sugar ( SBH3 | Quote | Chart | News | PowerRating) |
Pullback from high | up | Trade above 6.85 |
Please note that while there are strong trends, one bar or a series of bars
forming a setup can sometimes indicate a contra move for the next day. This
contra move may not be long-lasting — maybe only for a day or two. Trading with
the main trend is always the highest probability trade.
Use stops on all your trades.