New Lows In Dollar, New Highs In Gold
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.
There’s really no new setups tonight (Tuesday). The Dollar, mentioned
recently, dropped to new lows. This could set up for continuation entries in the
inverse currencies, also mentioned recently.
Follow Up/Looking Ahead
Once again, the June Canadian Dollar
(
CDM2 |
Quote |
Chart |
News |
PowerRating) remains in a strong uptrend.
It could set up on the next pullback.
June (or August) gold
(
GCM2 |
Quote |
Chart |
News |
PowerRating) hit new highs again on Tuesday. Once again,
it could set up on the next pullback.
July silver
(
SIN2 |
Quote |
Chart |
News |
PowerRating) has begun to pull back and could set up over the next
few days.
Best of luck with
your trading on Wednesday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!
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