Pound Setting Up For More Pounding?

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 live cattle
(
LCG2 |
Quote |
Chart |
News |
PowerRating)
, mentioned
recently, continues to retrace from lows but stills looks like it has the
potential to resume its downtrend.

March cotton
(
CTH2 |
Quote |
Chart |
News |
PowerRating)
, mentioned recently,
remains set up as a low-level
cup and handle.

Looking Ahead

The December British Pound
(
BPZ1 |
Quote |
Chart |
News |
PowerRating)
may set up
as a Bow Tie soon.

Best of luck with
your trading on Wednesday!

face=”Arial, Helvetica”>Dave Landry

P.S. Reminder:
Protective stops on every trade!

 

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