Unleaded Rally
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.
November unleaded gas
(
HUX0 |
Quote |
Chart |
News |
PowerRating) appears to be attempting a rally out of a
deep pullback. Look for a buying opportunity here.face=”Arial, Helvetica”>
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December
bonds
(
USZ0 |
Quote |
Chart |
News |
PowerRating), mentioned recently, began to sell off on Monday. This
suggests that the rollover from life-of-contract highs remains intact.
November natural gas
(
NGX0 |
Quote |
Chart |
News |
PowerRating), mentioned Friday night, began rallying out of a pullback on Monday.
Continue to look for a buying opportunity here.
For you breakout
players, December
corn
(
CZ0 |
Quote |
Chart |
News |
PowerRating) tried taking out three-month highs but came back in slightly.
Watch for a breakout above these levels or wait for the next pullback.
Looking
Ahead
Cattle and Hogs remain in a solid uptrend higher and may offer
setups over the next few days if they pullback.
Best of luck with
your trading on Monday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!