Sugar Sours
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
market’s opening. Therefore, overnight events may alter the
outcome of these observations.
Trader’s
Galleria has recently added more products. Check it out and pre-order my upcoming book on swing
trading at a 20% discount while you’re there (No shame is still my middle name).
March sugar
(
SBH1 |
Quote |
Chart |
News |
PowerRating), mentioned recently, appears to be resuming its
meltdown (a). Continue to look for a shorting opportunity here.
face=”Arial, Helvetica”>
December copper
(
HGZ0 |
Quote |
Chart |
News |
PowerRating), mentioned recently, still looks vulnerable. Continue to look
for a shorting opportunity here.
Volatility Watch
December coffee
(
KCZ0 |
Quote |
Chart |
News |
PowerRating) is now a low volatility situation. Watch for a
larger-than-normal move as volatility reverts to its mean.
Looking Ahead
Natural gas may set up as a pullback from lows over the next few days.
Best of luck with
your trading on Friday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!