On Idle
Marc Dupee will be out of the
office until November 10. In his absence this column is being written by
TradersWire’s Duke Heberlein.
The engine that is the futures market is on idle as all
eyes are looking toward the election of the next president of the United States.
Many contracts are flat Tuesday morning or only changed slightly as the world
waits to hear who the next man to occupy the White House will be.
December wheat
(
WZ0 |
Quote |
Chart |
News |
PowerRating), from the Pullback
From Lows List, has taken out Monday’s low and penetrated both its 20- and
50-day moving average. Look for additional weakness if follow through occurs.
Â
Soymeal
(
SMZ0 |
Quote |
Chart |
News |
PowerRating) has triggered a Turtle
Soup Plus One Sell, trading under the prior low.
Finally, December natural
gas
(
NGZ0 |
Quote |
Chart |
News |
PowerRating), mentioned by David Landry in the Futures Market Outlook,
continues to set up in a pullback from its recent lows.