Sugar Remains Set Up
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.
Note: Trading will likely be thin and choppy on Friday since many players
will be looking to get a head start on their holiday weekend (especially if the
weather is nice on Friday). Use caution should you decide to initiate new
positions.
July sugar
(
SBN2 |
Quote |
Chart |
News |
PowerRating), mentioned recently, still looks like it has the
potential to resume its choppy uptrend out of a pullback.
Follow Up/Looking Ahead
June gold
(
GCM2 |
Quote |
Chart |
News |
PowerRating), mentioned recently, was up sharply on Thursday. If you
have profits here, you might want to lock in a piece. Also, the contract could
set up again soon on a pullback.
The June Canadian Dollar
(
CDM2 |
Quote |
Chart |
News |
PowerRating) remains in a strong uptrend as of late.
It could set up on the next pullback.
The Dollar bounced from lows on Friday. We could see setups in the
inverse currencies on a continued pullback.Â
July silver
(
SIN2 |
Quote |
Chart |
News |
PowerRating) broke out again. It could set up
soon.
Best of luck with
your trading on Friday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!
Â