Sugar Poised To Resume Uptrend
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.
face=”Arial, Helvetica”>Join me, fellow TradingMarkets.com
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Resort and Casino in Las Vegas on October 13-15, 2000.
face=”Arial, Helvetica”>October sugar
(
SBV0 |
Quote |
Chart |
News |
PowerRating) formed a
bullish outside day in a pullback and looks poised to make
another stab at life-of-contract highs. Look for a buying
opportunity here.
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The September euro
(
ECU0 |
Quote |
Chart |
News |
PowerRating) appears to be stalling out in its rally from
lows. Look for a shorting opportunity here.
Looking Ahead
Corn and beans
still look like they are trying to find a bottom. As I said
recently, it’s too early to jump in, but they may be worth
watching going forward. Waiting for the first rally and
pullback may be a good strategy here.
Best of luck with
your trading on Monday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!