One Rally Left In Natural Gas
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.
November unleaded gas
(
HUX0 |
Quote |
Chart |
News |
PowerRating), mentioned Tuesday night, still looks like
it has the potential to rally out of a
deep pullback. Continue to look for a buying opportunity here.
November natural gas
(
NGX0 |
Quote |
Chart |
News |
PowerRating), mentioned Tuesday night, still looks like it has potential to
continue its rally out of pullback.
Continue to look for a buying opportunity here.
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Looking
Ahead
December corn
(
CZ0 |
Quote |
Chart |
News |
PowerRating) broke to new three-month highs on Tuesday.
It may setup as a pullback 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!