Sugar Not So Sweet
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.
October sugar
(
SBV1 |
Quote |
Chart |
News |
PowerRating) appears to be
stalling out in its rally from lows. Look for a shorting opportunity here.
Follow Up
The dollar, mentioned recently, has been
getting creamed as of late. If you took inverse currency trades, now might be a
good time to lock in a piece.
Best of luck with
your trading on Thursday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!
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