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
content providers, and other traders and money managers at
the Trading Markets 2000 conference at the Venetian Hotel
Resort and Casino in Las Vegas on October 13-15, 2000.
face=”Arial, Helvetica”>September copper
(
HGU0 |
Quote |
Chart |
News |
PowerRating),
mentioned recently, still looks like it has the potential to
resume its uptrend. Continue to look for a buying
opportunity here.
face=”Arial, Helvetica”>The September Japanese yen
(
JYU0 |
Quote |
Chart |
News |
PowerRating), mentioned Friday, still looks like it may have
additional downside. Continue to look for a shorting
opportunity here.
face=”Arial, Helvetica”>October sugar
(
SBV0 |
Quote |
Chart |
News |
PowerRating) sold off
earlier on Monday but reversed to close well. This suggests
that its uptrend remains intact. Look for a buying
opportunity here.
face=”Arial, Helvetica”>
width=”470″ height=”320″>
Volatility
Watch
Once again,
September bonds
(
USU0 |
Quote |
Chart |
News |
PowerRating) remain a low-volatility
situation. The longer the volatility remains low, the larger
the price move (in either direction) as volatility reverts
to its mean.
Best of luck with
your trading on Tuesday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!