Sugar, Bonds Still Vulnerable?
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.
Â
December
bonds
(
USZ0 |
Quote |
Chart |
News |
PowerRating), mentioned recently, continue to wedge up after their recent
free-fall. Continue to look for a shorting opportunity here.
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March
sugar
(
SBH1 |
Quote |
Chart |
News |
PowerRating), mentioned recently, still looks poised to resume its
breakdown from a major topping formation. Continue to
look for a shorting opportunity here.
November natural gas
(
NGX0 |
Quote |
Chart |
News |
PowerRating) appears to have stabilized after pulling back from life-of-contract
highs. Look for a buying opportunity here.
Looking Ahead
December
corn
(
CZ0 |
Quote |
Chart |
News |
PowerRating) is approaching three-month highs after once again rallying off of
what appears to be a major bottom. This market may set up over the next few
days.
December coffee
(
KCZ0 |
Quote |
Chart |
News |
PowerRating) formed a wide range outside day
higher from near life-of-contract lows. It too may set up over the next few
days.
Best of luck with
your trading on Monday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!