Observations, Follow Up and Looking Ahead
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.
I was unable to find any meaningful setups tonight. Below are some
observations (not setups!):
The March Canadian Dollar (CDH2)
looks vulnerable but seems too choppy as of late.Â
February live cattle (LCG2)
appears to be reversing at resistance.Â
Follow Up/Looking Ahead
February lean hogs (LHG2)
are pulling back from highs and could set up on the long side on the
first reversal.
Â
March silver (SIH2)
is up fairly sharply since first mentioned. If you have profits here
you might want to lock in a piece.
March copper (HGH2)
could set up as a short soon, especially if it stalls at overhead
resistance.
Best of luck with your
trading on Friday!
P.S. Reminder: Protective
stops on every trade!
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