Swiss 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.
The June Swiss Franc
(
SFM2 |
Quote |
Chart |
News |
PowerRating), mentioned Friday, still looks poised to
rally out of a Double Top Knockout (email me if you don’t have my book
and need the rules).
July heating oil
(
HON2 |
Quote |
Chart |
News |
PowerRating) looks like it has the potential to continue its
rollover out of a Bow Tie.
Looking Ahead
Once again:
July beans
(
SN2 |
Quote |
Chart |
News |
PowerRating) have been in a strong trend as of late. They could set
up soon on a pullback.
August gold
(
GCQ2 |
Quote |
Chart |
News |
PowerRating) remains in a strong uptrend. It
could set up over the next few days.
July silver
(
SIN2 |
Quote |
Chart |
News |
PowerRating), mentioned recently, continues to hit new highs. It
too could set up soon on a pullback.
Best of luck with
your trading on Tuesday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!