Nature Gas Remains In Uptrend
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.
I’m pleased to announce that we recently launched
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Just a reminder, I’ll be
speaking on the afternoon of Saturday, October 14th at the TradingMarkets2000 First Annual Traders
Conference. I’ll also be available for a one-hour private workshop held later
that day.
November natural gas
(
NGX0 |
Quote |
Chart |
News |
PowerRating), mentioned Friday, began
rallying out of a pullback on Monday. Continue to look for a buying opportunity
here.
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November unleaded gas
(
HUX0 |
Quote |
Chart |
News |
PowerRating) sold off to new 20-day lows on Monday but reversed to close well.
This action may have drawn in and trapped eager shorts, and creates a Turtle Soup
Plus One buy signal. Look for a buying opportunity here.
October
sugar
(
SBV0 |
Quote |
Chart |
News |
PowerRating) has begun to retrace from lows since rolling over from a big
picture rounded top. Look for a shorting opportunity here, but wait for
follow-through to the downside as it did close well on Monday.Â
Best of luck with
your trading on Tuesday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!