Pigs Still Don’t Look Like They Will Fly
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.
February pork bellies
(
PBG2 |
Quote |
Chart |
News |
PowerRating), mentioned Monday night, still look poised to resume
their downtrend out of
a pullback from lows.
December lean hogs
(
LHZ1 |
Quote |
Chart |
News |
PowerRating) are once again
pulling back from lows and look poised to resume their downtrend.Â
December silver
(
SIZ1 |
Quote |
Chart |
News |
PowerRating) has pulled back from
lows and looks poised to make another stab at life-of-contract lows.
Looking Ahead
The Dollar appears to be stabilizing in its
pullback. This action could set up shorting opportunities in the inverse currencies
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!
Â