Wheat Still Weak
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.
March wheat
(
WH1 |
Quote |
Chart |
News |
PowerRating), mentioned
Thursday night, still looks vulnerable. Continue to look for a shorting opportunity here.
Looking Ahead
March coffee
(
KCH1 |
Quote |
Chart |
News |
PowerRating) took out life-of-contract
lows on Friday. This negates our double bottom watch for now.
The Canadian Dollar
(
CDH1 |
Quote |
Chart |
News |
PowerRating)
continued its meltdown on Friday. It may setup next week on a pullback from
lows.
Best of luck with
your trading on Tuesday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!
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