Natural Gas Weak
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.
Trader’s
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December natural gas
(
NGZ0 |
Quote |
Chart |
News |
PowerRating), mentioned Friday, began to sell off on
Monday. This suggests its downtrend remains intact. Continue to look for a shorting opportunity here.
face=”Arial, Helvetica”>
Volatility Watch
December coffee
(
KCZ0 |
Quote |
Chart |
News |
PowerRating) is now a low volatility situation. Watch for a
larger-than-normal move as volatility reverts to its mean.
Looking Ahead
The December Canadian Dollar
(
CDZ0 |
Quote |
Chart |
News |
PowerRating), has begun to pull back from lows
and may offer a setup over the next few days.
Best of luck with
your trading on Tuesday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!