Sweet Trade?
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.
Although March sugar
(
SBH0 |
Quote |
Chart |
News |
PowerRating) closed poorly on Thursday, it appears that
its strong uptrend remains intact. Look for buying opportunities here on any
resumption of strength.
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December corn
(
CZ0 |
Quote |
Chart |
News |
PowerRating), mentioned recently, still looks poised to resume its
uptrend out of a pullback. Continue to look for a
buying opportunity here.
Looking Ahead
The December Canadian Dollar
(
CDZ0 |
Quote |
Chart |
News |
PowerRating) appears to be stalling out in its
rally from lows and may set up as a short 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!