No So Live Cattle?
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.
June live cattle
(
LCM1 |
Quote |
Chart |
News |
PowerRating) appears to be stalling out in its pullback from
lows. This suggest that it has the potential to resume its downtrend. Look for a
shorting opportunity here.
June natural gas
(
NGM1 |
Quote |
Chart |
News |
PowerRating) gave up all of Tuesday’s rally and then some.
This suggests that its downtrend remains intact. Look for a shorting opportunity
here.
Best of luck with
your trading on Thursday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!