Sugar Sugar?
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.
July sugar
(
SBN1 |
Quote |
Chart |
News |
PowerRating) continues to consolidate at higher levels. This
suggests it still has the potential to resume its strong uptrend. Continue to
look for a buying
opportunity here.
June natural gas
(
NGM1 |
Quote |
Chart |
News |
PowerRating) appears to be stalling out in just day two
of its pullback from lows. This suggests that it has the potential to
resume its strong downtrend. Look for a shorting opportunity here.
July cotton
(
CTN1 |
Quote |
Chart |
News |
PowerRating) gapped to life-of-contract lows but recovered to
close well. For you bottom fishers, look for a buying opportunity here.
Best of luck with
your trading on Monday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!